‘There Is No Emergency Here’: Coinbase Asks FinCEN to Extend Comment Period on Wallet Regs
Two weeks during the holiday season and a pandemic is not enough time, the exchange said, asking for the customary 60 days.
Rogue actors at e-commerce partner Shopify exposed 20,000 new Ledger customer records, including emails, names, postal addresses and phone numbers.
The crypto industry says a proposed rule to collect personal data from private wallet transactions is being rushed, might be challenged in court and could be difficult to implement.
“Indeed, cash poses a greater challenge to law enforcement than cryptocurrency in unhosted wallets," wrote Judge Zia Faruqui in an opinion on a forfeiture case.
The U.S. Treasury’s decision to impose know-your-customer rules to private cryptocurrency wallets is flawed in more ways than one.
FinCEN’s proposed rule regulating “unhosted” wallet transfers has a number of potential issues, including unintended consequences for decentralized finance.