January 21, 2021

President Biden freezes FinCEN’s proposed crypto wallet regulations

The announcement came in a White House memorandum for the heads of various federal agencies, the Financial Crimes Enforcement Network (FinCEN) included. The edict doesn’t specify […]
January 7, 2021

FinCEN’s wallet rule is open for another day of comments

Previous month, the Financial Crimes Enforcement Network (FinCEN), proposed rules that would require registered crypto exchanges to verify the identity of people using “an unhosted or […]
January 5, 2021

Jack Dorsey warns that FinCEN regulations will drive crypto users offshore

According to a Jan. 4 letter from Jack Dorsey, CEO of financial services firm Square aiming at the proposal for seeking to impose reporting obligations that […]
January 1, 2021

FinCEN Wants US Citizens to Disclose Offshore Crypto Holdings of $10K+

According to Coindesk, just three weeks before the Treasury Department’s leadership is expected to change, the Financial Crimes Enforcement Network (FinCEN) announced its intention to amend […]
December 22, 2020

Coinbase crypto exchange seeks extended feedback deadline to FinCEN’s new crypto rules

According to Cointelegraph, in a Dec. 21 blog post, Coinbase’s chief legal officer Paul Grewal addressed FinCEN’s lately released rulemaking regarding self-hosted crypto wallets. The blog […]