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Proposed FinCen Rule on Crypto Wallets Would Likely Be Ineffective, Elliptic Says

The U.S. Treasury Department’s proposed rules which would require users to comply with KYC requirements if they seek to send their crypto to a private wallet could end up being ineffective, according to blockchain analytics firm Elliptic. In its published response to the rule, Elliptic said that the rules could “adversely

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