The US Federal Bureau of Investigation's recommendation against the use of unregistered cryptocurrency money transfer services may be targeting smart contract privacy tools, according to legal experts.
On April 25, the FBI issued a public service announcement advising Americans to only use registered cryptocurrency companies that adhere to Know Your Customer and anti-money laundering regulations.
The FBI stressed that it has taken action against unlicensed cryptocurrency services, warning that users of such services could face financial disruption, especially if their funds are mixed with funds obtained illegally.
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