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With Yellen confirmed, Treasury strikes ahead with stalled crypto monitoring rule By Cointelegraph

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With Yellen confirmed, Treasury strikes ahead with stalled crypto monitoring rule

America Treasury Division’s now-infamous proposal to require data on crypto transfers from exchanges to self-hosted wallets is again in movement.

Per a Tuesday announcement from the Monetary Crimes Enforcement Community, or FinCEN, stakeholders can have one other 60 days to reply to the proposal. Whereas a marked enchancment from the 15-day remark interval of the unique proposal, sadly for the crypto trade, it does not appear to be the precise phrases of the proposal have modified together with the administration.