2021-2-2 23:04 |
FinCEN Deputy Director Michael Mosier encouraged commenters to provide practical, technical feedback on the rule.
Similar to Notcoin - TapSwap on Solana Airdrops In 2024
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The crypto exchange cited Coin Center’s work in challenging the proposed FinCEN self-hosted wallet rule as well as the STABLE Act from the U.S. government.
2021-2-2 21:30 | |
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In a tweet earlier on Thursday, the Blockchain Association announced five new firms to its coalition, namely Uniswap, Fireblocks, BlockFi, Blockchain Capital, and CMT Digital. This brings the total number of members to 30, strengthening the Association’s voice, especially in the recent battle opposing the U.
2021-1-30 21:59 | |
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The Treasury Secretary-nominee also agrees on ensuring adequate input from stakeholders regarding Steven Mnuchin’s proposed FinCEN rule and intends to “ensure a full and substantive review of the proposals.
2021-1-22 16:58 | |
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The new Biden administration has frozen all proposed regulations that have not yet gone into effect. A Regulatory Freeze Pending Review was announced with it expected to last sixty days...
2021-1-21 16:43 | |
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President Joe Biden has mandated all federal agencies in the United States to temporarily suspend all in-process regulations pending when they have been thoroughly reviewed by members of his cabinet.
2021-1-21 13:44 | |
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FinCEN cites "the robust responses" provided so far for extending the comment period on its proposed rule. The post FinCEN Extends Public Comments Period on Crypto Regulation by 45 Days; Into the Biden Administration first appeared on BitcoinExchangeGuide.
2021-1-16 22:15 | |
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Critics of the rule said it would be technically impossible for some projects to comply because smart contracts and author-decentralized tools do not have name or address information to provide.
2021-1-14 17:03 | |
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Proposals requiring crypto companies to report transactions amount to "mass surveillance" and flout the Fourth Amendment.
2021-1-14 22:55 | |
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In yet another blow to the cryptocurrency industry, the US Treasury has revealed plans to mandate the reporting of crypto holdings over $10K held with foreign digital currency service providers. FinCEN, an arm of the Treasury Department that oversees domestic financial laws’ enforcement, will implement the new rule when adopted.
2021-1-9 13:00 | |
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The Financial Crimes Enforcement Network (FinCEN)’s new proposed regulation has been the talk of the town since its first announcement last December. It didn’t take long for FinCEN to receive clamors of disapproval from crypto companies and pundits.
2021-1-9 22:00 | |
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The U.S Treasury Department on Financial Crimes, FinCEN, has extended the public comment period to January 7th after wrongly indicating the period ended on January 4th. Following the change, the public now has a few more hours to submit their opinions, comments, and amendments to the Proposed Rule, which will force cryptocurrency firms to surveil […] The post FinCEN’s Extended Public Comment Period Ends Today, Over 65,500 Submitted first appeared on BitcoinExchangeGuide.
2021-1-7 20:10 | |
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The website accepting comments on the proposed FinCEN rule shows crypto users have until Jan. 7, not Jan. 4 as the regulator claimed.
2021-1-7 00:54 | |
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Since the introduction of FinCEN's proposed rule on 23 December 2020, many entities in the crypto-space have issued statements fiercely opposing it. The latest crypto-company to issue a statement is pThe post DeFi, DEXs will be hurt the most by 'misguided' regulations: CoinFlip's Weiss appeared first on AMBCrypto.
2021-1-6 15:00 | |
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Popular American VC firm Andreessen Horowitz, more commonly known as a16z, is in the news today after it filed a response urging FinCEN to withdraw its proposed rule or at the very least, extend the cThe post a16z urges FinCEN to withdraw proposed rule citing 'Fourth Amendment concerns' appeared first on AMBCrypto.
2021-1-5 13:07 | |
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Blockchain analysis firm Elliptic said the proposal could “adversely impact” existing anti-money laundering (AML) regulations.
2021-1-1 12:00 | |
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Coinbase is the latest company to go public with its concerns regarding the U.S. Treasury proposal on crypto wallets.
2021-1-1 01:20 | |
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The Executive Director of CoinCenter, Jerry Brito, has revealed that he is working with people in Congress to get some letters sent to the United States Secretary of Treasury, Steven Mnuchin, requesting the extension of what he says is a “rushed” comment period as per an update on Dec 28. The New Currency Reporting RuleRead More
2020-12-31 22:01 | |
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FinCEN’s proposed rule regulating “unhosted” wallet transfers has a number of potential issues, including unintended consequences for decentralized finance.
2020-12-24 23:40 | |
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This rule would require additional reporting and record-keeping requirements, something that would require significant changes and adaption on Coinbase’s end. FinCEN only gave Coinbase 15 days to reply to with a comment, significantly shorter than what Coinbase views as the industry standard.
2020-12-23 15:49 | |
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The US Treasury Financial Crimes Enforcement Network (FinCEN) released a proposal that aims to close loopholes regarding the movement of digital assets. In the announcement on the release, FinCEN also requested input from the public.
2020-12-21 22:57 | |
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Yesterday, the United States Treasury’s FinCEN branch confirmed that it is working on cracking down on crimes enabled by Bitcoin and other cryptocurrencies. The post Top Silicon Valley VC defends crypto amid proposal of controversial Treasury rule appeared first on CryptoSlate.
2020-12-20 15:53 | |
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The Financial Crimes Enforcement Network (FinCEN) issued its new proposed rule extending anti-money laundering (AML) regulation to non-custodial wallets on Friday. Under the latest proposed rules, banks and money service businesses that involve exchanges and custodians would be required to keep records and verify the identity of customers transacting greater than $3,000.
2020-12-20 16:23 | |
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On Dec 18, 2020, The Financial Crimes Enforcement Network (FinCEN), took a step closer to implementing its long-dreaded crypto wallet regulation. What Is the Proposal? Under the proposed rule, crypto exchanges would be obliged to make crypto users comply with know your customer (KYC) requirements when transferring their digital assets to personal wallets. FinCEN nowRead More
2020-12-20 16:00 | |
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The long-awaited proposed FinCEN rule, one that would extend AML regulations to non-custodial wallets, has finally been issued, ending much speculation around what the rule would entail and creating sThe post Why FinCEN's proposed rule is 'awful' for the crypto-ecosystem appeared first on AMBCrypto.
2020-12-19 12:00 | |
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The U.S. Treasury bureau proposed a rule that would require cryptocurrency exchanges to submit reports on withdrawals to “unhosted wallets.” The post FinCEN Proposes KYC For Withdrawing Cryptocurrency To Private Wallets appeared first on Bitcoin Magazine.
2020-12-19 01:37 | |
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“This proposal, if adopted, would prove to be an invasion of privacy."
2020-11-23 22:01 | |
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The United States' Financial Crimes Enforcement Network released a proposed rule change this October that lowered the threshold for Travel Rule information sharing and retention from $3,000 to $250 foThe post What does FinCEN's amended Travel Rule threshold mean for crypto? appeared first on AMBCrypto.
2020-11-16 12:30 | |
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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.
2020-10-25 10:45 | |
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In a blog, the Monero Compliance Workgroup came to the conclusion that XMR is exempted from FinCEN Funds Travel Rule as it is not applicable to assets and cryptos like the XMR. According to the blog, the rules set by the U.
2019-12-15 22:58 | |
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Monero Compliance Workgroup published a statement suggesting that “The Funds Travel Rule” does not apply to XMR itself. Such a scenario limits scrutiny of Monero and preserves its privacy-enabling properties.
2019-12-14 11:42 | |
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Monero Compliance Workgroup published a statement suggesting that “The Funds Travel Rule” does not apply to XMR itself. Such a scenario limits scrutiny of Monero and preserves its privacy-enabling properties.
2019-12-15 11:42 | |
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Kenneth Blanco, the Financial Crimes Enforcement Network (FinCEN) director, said on November 15th that the US government will enforce a ‘travel rule’ requiring crypto companies providing wallet services and trading digital assets to provide information on their customers.
2019-11-15 23:28 | |
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Netki extends TransactID solution for FATF “Travel Rule” compliance - CryptoNinjas Netki, a provider of ID validation for transactions utilizing a secure, encrypted, private connection based on BIP 75, today announced its TransactID solution has been updated to address the new regulatory guidance from FATF, FINMA, and FinCEN, which requires Money Services Businesses, trading cryptocurrencies, to comply with the “Travel Rule.
2019-9-9 19:18 | |
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Chainalysis has hired a FinCEN official to help crypto firms comply with tough new FATF data-sharing requirements.
2019-6-27 16:00 | |
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On May 9, 2019, the Financial Crimes Enforcement Network (FinCEN), issued new “interpretive guidance” about how its regulations apply to businesses that conduct money transmissions in virtual currencies.
2019-5-11 21:34 | |
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On November 16, 2018, the U. S. Securities and Exchange Commission (SEC) issued a public statement clarifying its intent to regulate activities involving the issuance and trading of digital assets.
2018-11-21 01:44 | |
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Coin holder voting, both for governance of technical features, and for more extensive use cases like deciding who runs validator nodes and who receives money from development bounty funds, is unfortunately continuing to be popular, and so it seems worthwhile for me to write another post explaining why I (and Vlad Zamfir and others) do not consider it wise for Ethereum (or really, any base-layer blockchain) to start adopting these kinds of mechanisms in a tightly coupled form in any significant way.
2018-7-21 23:03 | |
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Following DOJ action against Samourai Wallet and a possible Metamask investigation, Wasabi Wallet and Phoenix are closing their U.S. offerings. Is non-custodial crypto under threat?
Following DOJ action against Samourai Wallet and a possible Metamask investigation, Wasabi Wallet and Phoenix are closing their U.S. offerings. Is non-custodial crypto under threat?