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U.S. Treasury Releases Proposed Rules; Hiring Crypto Policy Officers

The  U.S. Treasury has released its proposal to restrict money services businesses pertaining to dealing with self-hosted wallets. In the announcement, published by the U.S. Treasury’s Financial Crimes Enforcement Network, or FinCEN arm, the regulator announced recommended rules demanding enrolled crypto exchanges to verify the “identity of their customers, if a counterparty uses an unhosted… Read More

New Bill to Regulate Cryptocurrencies Introduced in New Jersey

A new bill that requires cryptocurrency businesses to obtain a proper license to operate is being considered in New Jersey by the state legislature. On Feb. 20, The assemblywoman Yvonne Lopez suggested the Digital Asset and Blockchain Technology Act, which would change the way crypto businesses would operate in the state. As a part of… Read More

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