In a May 27 interview sponsored by Chainalysis, Director of the United States Financial Crimes Enforcement Network (FinCEN) Kenneth Blanco was adamant that the regulator is not the enemy.
FinCEN is the governing body that enforces the Bank Secrecy Act in the U.S., requiring financial institutions to provide know-your-customer (KYC) information. It’s a contentious topic within crypto, so it is no surprise that Blanco was careful to portray FinCEN as a part of the environment.