Unhosted Wallets

Senator Elizabeth Warren (D–Mass.) (Gage Skidmore/Wikimedia Commons, modified by CoinDesk)
Warren’s Crypto Bill Is Likely Unconstitutional. It’s Also Unlikely to Pass
Democratic lawmakers signed on to sponsor the Digital Asset Anti-Money Laundering Act. The bill is bad for crypto in the U.S., even if it never gets through Congress.
Senator Elizabeth Warren (D–Mass.) (Gage Skidmore/Wikimedia Commons, modified by CoinDesk)

After intense discussions inside this room in Brussels, policymakers in the European Union have finally agreed on anti-money laundering rules for crypto transactions. (Jack Schickler/ CoinDesk)
No AML Checks For Most Transfers To Unhosted Crypto Wallets, EU Policymakers Decide
A Wednesday meeting secured a final deal on anti-money laundering legislation for crypto transfers and largely overturned a proposal from the EU Parliament to impose launderin...
After intense discussions inside this room in Brussels, policymakers in the European Union have finally agreed on anti-money laundering rules for crypto transactions. (Jack Schickler/ CoinDesk)

(Westend61/Getty Images, modified by CoinDesk)
The Battle for Self-Hosted Wallets
People should be able to custody their own assets without burdensome compliance.
(Westend61/Getty Images, modified by CoinDesk)

Wally Adeyemo, deputy secretary of the U.S. Treasury, at Consensus 2022 (Suzanne Cordiero for CoinDesk)
Unhosted Crypto Wallet Rules Will Allow Innovation, US Treasury Official Vows
Storing crypto anonymously outside regulated venues lets people bypass sanctions and anti-money laundering checks, Deputy Secretary Wally Adeyemo said at Consensus 2022.
Wally Adeyemo, deputy secretary of the U.S. Treasury, at Consensus 2022 (Suzanne Cordiero for CoinDesk)

(SEAN GLADWELL/Getty Images, modified by CoinDesk)
The European Union vs. Self-Hosted Crypto Wallets
A vote in the EU parliament presents a new challenge for crypto on the continent.
(SEAN GLADWELL/Getty Images, modified by CoinDesk)

EU lawmakers want to prohibit financial and credit institutions in the bloc from interacting with unregulated crypto firms. (Laura Zulian Photography/Getty)
Lawmakers Want Unregulated Crypto Firms Out of the EU
Proposed anti-money laundering rules are up for a parliamentary committee vote on Thursday along with a separate provision seeking to end anonymous crypto transactions in the...
EU lawmakers want to prohibit financial and credit institutions in the bloc from interacting with unregulated crypto firms. (Laura Zulian Photography/Getty)

(Scott Rodgerson/Unsplash)
Diem May Be Gone, but Its Legacy Lives On
It's still not yet time to lay this much plagued stablecoin project to rest.
(Scott Rodgerson/Unsplash)

The Unhosted Crypto Wallet Rule Is Back
The Unhosted Crypto Wallet Rule Is Back
A controversial proposed rule that would enforce know-your-customer (KYC) rules on unhosted or self-hosted crypto wallets may again be under consideration by the U.S. federal...
The Unhosted Crypto Wallet Rule Is Back

Treasury Secretary Janet Yellen (Anna Moneymaker/Getty Images, modified by CoinDesk)
The Unhosted Crypto Wallet Rule Is Back
The rule was first proposed by a U.S. money-laundering watchdog FinCEN in late 2020.
Treasury Secretary Janet Yellen (Anna Moneymaker/Getty Images, modified by CoinDesk)

U.S. Department of the Treasury
Civil Liberties Group Calls FinCEN Crypto Wallet Rule 'Unconstitutional'
The nonprofit said FinCEN's proposed rule "represents a radical extension of ... financial surveillance of innocent Americans."
U.S. Department of the Treasury