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US financial regulators warned the cryptocurrency industry has abide by banking laws

U.S. financial regulators warned the cryptocurrency industry has abide by banking laws

The statement has been signed by Commodity Futures Trading Commission (CFTC) Chairman Heath Tarbert, Financial Crimes Enforcement Network (FinCEN) Director Kenneth Blanco and Securities and Exchange Commission (SEC) Chairman Jay Clayton. It is said to “reminds” companies in the crypto industry that they must comply with various banking and financial services laws in the U.S., regardless of what they call their cryptocurrencies or tokens.