Agency Receives 1,500 Monthly Suspicious Activity Reports on Crypto, According to Cointelegraph

Kenneth A. Blanco, the director of the U.S. Financial Crimes Enforcement Network (FinCEN), has announced a notable increase in the number of crypto-related Suspicious Activity Reports (SARs) being filed. The agency is currently receiving over 1,500 of these reports each month, as stated by Blanco.

His comments were part of a speech delivered at the Chicago-Kent Block Legal Tech Conference on August 9, 2018.