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Law Decoded: The guard changes, and with it, the tweets, Jan. 8–15
15.1.2021
Accompanying the presidential transition are some major questions about the role of social media in society and politics
DC Magistrate Judge Calls Unhosted Wallet ‘Horror Story’ a ‘Fiction’
14.1.2021
“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
Treasury backs down: Crypto monitoring rule will wait until new administration
14.1.2021
A big win for the crypto industry today, which was unanimous in opposition to a new anti-money laundering rule that many saw as rushed and draconian
FinCEN’s Crypto Surveillance Rule Violates the US Constitution
13.1.2021
Proposals requiring crypto companies to report transactions amount to "mass surveillance" and flout the Fourth Amendment
FinCEN’s Crypto Rules Aren’t as Unfair as Jack Dorsey Says
12.1.2021
Crypto companies complain about FinCEN's new "unhosted wallets" proposal. But the rules aren't unreasonable, says our columnist
Law Decoded: Insurrections, transitions, monitoring transactions and 2021, Jan. 1–8
8.1.2021
After watching protestors scale the walls of the Capitol Building, the U.S. will likely not be in the mood for financial regulation in the next couple of weeks
65K Comments and Counting: Crypto Industry Fights ‘Arbitrary’ Treasury Rule
7.1.2021
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
FinCEN's wallet rule is open for another day of comments because 'government officials can’t count to 15'
6.1.2021
The website accepting comments on the proposed FinCEN rule shows crypto users have until Jan. 7, not Jan. 4 as the regulator claimed
Square’s Jack Dorsey Hits Out at FinCEN’s ‘Burdensome’ Proposed Crypto Wallet Rules
5.1.2021
"The burdensome information collection and reporting requirements deprive U.S. companies like Square of the chance to compete on a level playing field," Dorsey said
Andreessen Horowitz joins push against FinCEN's 11th-hour crypto rules
5.1.2021
The venture capital firm has taken issue with U.S. regulators latest move against crypto
Jack Dorsey warns that FinCEN regulations will drive crypto users offshore
5.1.2021
Major U.S crypto firms are united in opposition to new AML laws proposed by FinCEN, warning they could drive users away from regulated platforms and stifle innovation
With 6 hours left, Treasury logs almost 6000 comments on crypto monitoring proposal
5.1.2021
It looks like crypto stakeholders turned out in force, despite the Treasury's best efforts to evade scrutiny
FinCEN to Impose New Regulation for Crypto Holdings at Foreign Exchanges
1.1.2021
The Financial Crimes Enforcement Network (FinCEN) has announced that it will soon propose new regulation affecting cryptocurrency holdings at foreign exchanges. This proposal is separate from the one FinCEN recently proposed on cryptocurrency wallets. FinCEN’s New Crypto Rules FinCEN,...
FinCEN is now interested in offshore crypto holdings, proposes new regulation
1.1.2021
Eleventh hour note announces intention to propose a change in Foreign Bank and Financial Accounts regulations
FinCEN Wants US Citizens to Disclose Offshore Crypto Holdings of $10K+
31.12.2020
The Financial Crimes Enforcement Network wants U.S. persons who hold crypto in offshore accounts to report holdings over $10,000
Proposed FinCen Rule on Crypto Wallets Would Likely Be Ineffective, Elliptic Says
31.12.2020
In its public response to the US Treasury Department’s proposed rule, the blockchain analytics firm has argued that they are likely to be ineffective and counterproductive
US Treasury Warns of Increasing Ransomware Campaigns Against Coronavirus Vaccine Research Institutions
31.12.2020
The U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) issued a warning that alerts financial institutions in the United States about increasing ransomware attacks against coronavirus vaccine research organizations. US Treasury Warns of Ransomware Attacks, Phishing...
Heavy hitters of crypto call for users to comment on proposed FinCEN wallet rule
30.12.2020
Coinbase is the latest company to go public with its concerns regarding the U.S. Treasury proposal on crypto wallets
SEC vs. Ripple: A predictable but undesirable development
27.12.2020
Such regulation by enforcement does indeed run the risk of stifling important and valuable innovation in the crypto space
Electronic Frontier Foundation: US Government Will Expand Financial Surveillance Through FinCEN’s Proposed Crypto Wallet Rules
24.12.2020
The Electronic Frontier Foundation (EFF) raised concerns about the strengthening financial surveillance through the proposed crypto regulations announced by the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN). The Nonprofit Organization Is Concerned About New Rules...