Category: Crypto Wallet Rule

FinCEN Extends Dates for Public Comments on New AML Crypto Wallet Regulations

FinCEN has finally extended the period for public comment on its newly released AML regulations for virtual asset service providers after heavy backlash from people for technically prohibiting them from commenting on the proposed regulations. The press release by FinCEN notified that they are reopening the comments period by 15 days for its reporting requirements, and […]

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Just In: FinCEN “Technically” Prohibits Public Comments on Newly Proposed Crypto Wallet Regulations

The much-awaited regulations around crypto wallets  that would extend AML regulations to non-custodial wallets were finally released by the Financial Crimes Enforcement Agency (FinCEN)  called  “Requirements for Certain Transactions Involving Convertible Virtual Currency or Digital Assets.” The new set of rules would require any virtual Asset Service Providers (VASPs) such as exchanges and custodians to […]

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