Bookmarking Crypto Insights
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This is a big win for the crypto industry today, which was unanimous in opposition to a new anti-money laundering rule that many saw as rushed and draconian. Go to Source Powered by WPeMatico
After watching protestors scale the walls of the Capitol Building, the U.S. will likely not be in the mood for financial regulation in the next couple of weeks. Go to Source Powered by WPeMatico
The website accepting comments on the proposed FinCEN rule shows crypto users have until Jan. 7, not Jan. 4 as the regulator claimed. Go to Source Powered by WPeMatico
Major U.S crypto firms are united in opposition to new AML laws proposed by FinCEN, warning they could drive users away from regulated platforms and stifle innovation. Go to Source Powered by WPeMatico
It looks like crypto stakeholders turned out in force, despite the Treasury’s best efforts to evade scrutiny. Go to Source Powered by WPeMatico
The Financial Crimes Enforcement Network (FinCEN) has announced that it will soon propose new regulation affecting cryptocurrency holdings at foreign exchanges. This proposal is separate from the one FinCEN recently proposed on cryptocurrency wallets. FinCEN’s New Crypto Rules FinCEN, a bureau of the U.S. Department of the Treasury, issued a notice on Thursday regarding a … Read more
Eleventh hour note announces intention to propose a change in Foreign Bank and Financial Accounts regulations. Go to Source Powered by WPeMatico
The U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) issued a warning that alerts financial institutions in the United States about increasing ransomware attacks against coronavirus vaccine research organizations. US Treasury Warns of Ransomware Attacks, Phishing Schemes Targeting Covid-19 Vaccine Research Institutions According to the alert, FinCEN says that fraud, ransomware attacks, and “similar types … Read more
Coinbase is the latest company to go public with its concerns regarding the U.S. Treasury proposal on crypto wallets. Go to Source Powered by WPeMatico
Such regulation by enforcement does indeed run the risk of stifling important and valuable innovation in the crypto space. Go to Source Powered by WPeMatico
