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Michele Korver, the first-ever chief digital currency advisor for the Financial Crimes Enforcement Network’s (FinCEN), believes crypto assets are just another way of transferring value.Speaking to Law360 on July 29, the newly appointed Korver said cryptocurrency was "just another means of payment or value transfer that's developed over time, just
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Under the proposal, crypto exchanges will be mandated to store personal information of every customer that move funds to their personal wallets. Now the Chamber of Digital Commerce calls this a shocking invasion of privacy, but the implications could have bigger impact than that. Let’s learn more. Joining me today
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One of the first actions President Joe Biden has taken on his first day in office is to freeze Federal regulatory process, including the controversial self-hosted crypto wallet regulations proposed by former Treasury Secretary Steven Mnuchin.The announcement came in a White House memorandum for the heads of various federal agencies,
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The United States Treasury Department may have accidentally widened the window of opportunity for anyone wishing to submit comments regarding the Financial Crimes Enforcement Network's new crypto rules.Last month, the Financial Crimes Enforcement Network, or FinCEN, proposed rules that would require registered crypto exchanges to verify the identity of people
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by Peter Smith, Last week I sent a letter on behalf of Blockchain.com to Treasury Secretary Steve Mnuchin (embedded below), outlining my concerns regarding FinCEN’s anticipated rules related to self-custodied wallets. Since then, FinCEN released a set of proposed rules that has been widely commented on in the crypto space. The good news is that
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A proposal by the U.S. Financial Crimes Enforcement Network (FinCEN) that would require crypto exchanges to collect personal information, including names and home addresses, from individuals seeking to transfer cryptocurrencies into their own wallets is poorly defined and could have widespread repercussions, say a number of regulatory experts.The proposed rule,
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U.S. lawmakers are asking the nation’s financial guardians to clarify custodianship questions. France is looking to eliminate anonymity in the crypto sector. And an exposé into how FinCEN became a honeypot for personal information. Top shelfBanking playPaxos is making moves to become a federally regulated bank in the U.S., according to
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