Federal financial crime authorities in the U.S. have emphasized that using virtual currencies such as Bitcoin to facilitate gambling falls under its regulatory regime for stopping the illicit use of the technology.
U.S casinos that accept virtual currencies must ensure their anti-money laundering/Bank Secrecy Act (AML/BSA) regimes are up to scratch, said Kenneth Blanco, director of the Financial Crimes Enforcement Network (FinCEN), speaking Tuesday at the 12th Annual Las Vegas Anti-Money Laundering Conference.
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