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Crypto Wallet Rule
US Treasury: Unhosted Crypto Wallet Rule Will Be Considered in 2022
The U.S. Treasury Department revealed a controversial rule enforcing know-your-customer (KYC) rules on unhosted or self-hosted crypto wallets might be considered in its semiannual agenda of regulations, set to be formally published in the Federal Register on Jan. 31. The rule was first proposed in late 2020 by U.S. money-laundering watchdog FinCEN. "The Hash" squad discusses the latest in crypto regulation threatening user privacy.
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 government, particularly in the Treasury Department’s semiannual agenda of regulations. CoinDesk’s Nikhilesh De discusses what this means for the U.S. crypto regulatory landscape.
