US regulators warned about the possible use of cryptocurrencies for criminal activity

Three US regulators signed a joint appeal to cryptocurrency users in which they warned of the possible use of digital assets for money laundering and terrorist financing.

In their appeal, the chairmen of the Commodity Futures Trading Commission (CFTC), the Securities and Exchange Commission (SEC) and the Financial Crime Network (FinCEN) warned that cryptocurrencies could be used for money laundering and terrorist financing. The statement states:

“In order to meet the requirements for combating money laundering and terrorist financing, companies working with cryptocurrencies need to develop and implement effective programs to combat the illegal use of digital assets. In particular, it is necessary to introduce systems warning of suspicious user actions. ”

The appeal was signed by CFTC Chairman Heath Tarbert, FinCEN Director Kenneth A. Blanco and SEC Chairman Jay Clayton.

Note that the other day, the CFTC chairman said that the second cryptocurrency in terms of capitalization is not a security, but a commodity.