Davis Polk partner Dan Stipano was recently quoted in MoneyLaundering.com discussing FinCEN’s penalties against cryptocurrency derivatives exchanges for failing to comply with anti-money laundering rules. Dan noted that the actions by the bureau and CFTC signal that U.S. regulators intend to subject the cryptocurrency industry to robust oversight.

“FinCEN Fines BitMEX $100 Million for AML Lapses,” MoneyLaundering.com (August 10, 2021) (subscription required)

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