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FinCEN’s Crypto Rules Aren’t as Unfair as Jack Dorsey Says

From coindesk.com

Over the last few weeks, the U.S. Financial Crimes Enforcement Network, or FinCEN, has been inundated with 7,477 angry comments about a rule change that it proposed just before Christmas. “Impressive ineptitude” says one anonymous commenter, while another writes “touch bitcoin and you will feel the wrath u moneygrabbing pric [sic].” Dozens of industry leaders like Coinbase, Fidelity, and Coin Center have also filed more serious comments. What’s at stake? Up till now, exchanges like Coinbase haven’t bothered to de-anonymize the non-custodial wallet owners that either send cryptocurrency to exchanges or receive ... (full story)

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  • Category: Fundamental Analysis