2020-12-24 23:40 |
FinCEN’s proposed rule regulating “unhosted” wallet transfers has a number of potential issues, including unintended consequences for decentralized finance.
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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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