FinCEN Proposes Rule For Self-Hosted Crypto Wallets

What happened? Late on Friday afternoon (ET), FinCEN submitted a notice of proposed rule-making that would require centralised exchange users who want to send ≥US$3,000 in cryptocurrency to share with the exchange operator personal information about the recipient wallet’s owner. For transactions ≥$10,000, firms would be required to report to FinCEN. The rule was designed […]