-
FinCEN’s Crypto Rules Aren’t as Unfair as Jack Dorsey Says
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 ... (full story)