Coinbase seeks extended feedback deadline to FinCEN’s new crypto rules
Coinbase says that a 15-day notice-and-comment period for FinCEN’s new crypto rules is not enough. Go to Source Powered by WPeMatico
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US Treasury to hire crypto policy officers to combat industry crimes
FinCEN posted vacancies for two high-profile crypto positions in a bid to get expert professional advice on the crypto industry. Go to Source Powered by WPeMatico
Congresspeople tell Treasury to back off of rumored self-hosted wallet ban
Congressman Davidson, in particular, sees potential Treasury action as a bad idea for everybody involved. Go to Source Powered by WPeMatico
Biden plans for former Fed Chair and noted Bitcoin bear to lead US Treasury
The Biden team looks to Janet Yellen to lead the next administration’s economic policy, which will have to navigate the wreckage left in the wake of the coronavirus. Go to Source Powered by WPeMatico
Crypto users speak out on proposed change to FinCEN Travel Rule
“This proposal, if adopted, would prove to be an invasion of privacy.” Go to Source Powered by WPeMatico
Crypto lobby defends self-hosted wallets and P2P from rumored gov’t crackdown
As everyone waits on new KYC and AML regulators, many speak out to keep unhosted wallets free of controls. Go to Source Powered by WPeMatico
Law Decoded: How I learned to stop worrying and love the election, Oct. 23-30
The age-old question quis custodiet ipsos custodes crops up in force in today’s Law Decoded. Go to Source Powered by WPeMatico
US Government Agencies Propose Changes to Funds Transfer Rules-Seek to Broaden Definition of Money to Include Cryptocurrencies
The U.S. Federal Reserve Board and Fincen are seeking feedback on their proposal to lower the threshold at which financial institutions must collect and retain information on funds transfers. In their joint notice on the rule change proposal, the two U.S. agencies want a new threshold for international transactions to be set at $250 down … Read more
How US authorities are using old AML tools to crack down on crypto
With new changes to the Travel Rule up for discussion and a bevy of new cases in the courts, it’s time to look at how U.S. AML law is shifting to cope with crypto. Go to Source Powered by WPeMatico
US AML watchdog wants info on all international crypto transactions over $250
The proposed change would cut down FinCEN’s longstanding $3,000 threshold. Go to Source Powered by WPeMatico
