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Jack Dorsey’s Square Slams FinCEN’s Newly Proposed Crypto Wallet Rules, Calls It “Unnecessary Friction”

Bhushan Akolkar January 5, 2021

Just as the timeline for commenting on the newly proposed crypto wallet rules comes to an end by January 4 midnight, Jack Dorsey-owned crypto trading platform Square Inc. has issued a fresh statement on the matter. The crypto wallet rules proposed by FinCEN last month ask exchanges to reported any transaction above $10,000 done through

Just as the timeline for commenting on the newly proposed crypto wallet rules comes to an end by January 4 midnight, Jack Dorsey-owned crypto trading platform Square Inc. has issued a fresh statement on the matter. The crypto wallet rules proposed by FinCEN last month ask exchanges to reported any transaction above $10,000 done through

Bitcoin News
Bitcoin News

Crypto Lawyer Decodes How FinCEN’s New Crypto Rules Fail to Address Core Issues

Bhushan Akolkar December 19, 2020

On Friday, December 18, the U.S. Treasury’s bureau FinCEN proposed new crypto rules making it mandatory for virtual asset service providers (VASPs) to record and report transactions related to private cryptocurrency wallets. There’s been a significant disagreement expressed by the crypto community members and even some crypto-friendly U.S. lawmakers. Diving deep into what these proposed

On Friday, December 18, the U.S. Treasury’s bureau FinCEN proposed new crypto rules making it mandatory for virtual asset service providers (VASPs) to record and report transactions related to private cryptocurrency wallets. There’s been a significant disagreement expressed by the crypto community members and even some crypto-friendly U.S. lawmakers. Diving deep into what these proposed