Why Is the Proposed FinCEN Rule for Unhosted Wallets Being Pushed So Quickly? - Ep.204

from  Unchained

Dec 22, 2020

 

Jeremy Allaire of Circle Pay and Kristin Smith of the Blockchain Association explain the impact of and motivation behind Treasury Secretary Steve Mnuchin’s proposed FinCEN rule that targets “unhosted” wallets. In this episode, they cover: what the new FinCEN rule says, and how it would impact unhosted or self-hosted wallets, as well as crypto businesses why they believe this is really politically motivated and unilateral midnight rule making by Secretary Mnuchin  what other bureaucrats and poli...more

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