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The New Civil Liberties Alliance has objected to FinCEN’s proposed crypto wallet rule, calling it “unlawful.” In addition, the group says that the U.S. Treasury’s “planned ‘crackdown’ on cryptocurrency holders’ private wallets is an unconstitutional power grab.” FinCEN’s Proposed Crypto Wallet Rule Is Unlawful, Says NCLA The New Civil Liberties Alliance (NCLA), a nonpartisan, nonprofit … Read more
In its latest comment, the advocacy group goes after the proposed requirement to create currency transaction reports for crypto transactions. Go to Source Powered by WPeMatico
Why is the U.S. dragging its heels on crypto and blockchain regulation, as the rest of the world forges ahead with financial innovation? Go to Source Powered by WPeMatico
The former aide to Representative Davidson will join crypto’s leading trade association. Go to Source Powered by WPeMatico
An Ontario man based in San Bernardino County of the U.S. has agreed to plead guilty to federal charges of illegally operating a bitcoin to cash exchange business. According to the U.S. Department of Justice (DOJ), the man, Hugo Sergio Mejia, 49, operated the unregistered exchange business between May 2018 and September 2020. Accordingly, Mejia … Read more
The Blockchain Association’s ranks swell as firms look to aid their work in keeping crypto transactions peer-to-peer. Go to Source Powered by WPeMatico
The U.S. Anti-Money Laundering and Combating the Financing of Terrorism laws: Where will these updates lead the crypto space? Go to Source Powered by WPeMatico
New U.S. President Joe Biden has frozen all agency rulemaking, including the proposal by the Financial Crimes Enforcement Network (FinCEN) relating to cryptocurrency wallets. Biden will appoint someone to “review any new or pending rules,” the White House has announced. FinCEN’s Crypto Wallet Proposal Frozen, Pending Regulatory Review Joe Biden, the 46th president of the … Read more
President Joe Biden has frozen all regulatory processes including proposed FinCEN rules detrimental to the crypto industry. Go to Source Powered by WPeMatico
Accompanying the presidential transition are some major questions about the role of social media in society and politics. Go to Source Powered by WPeMatico
