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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

Federal Reserve Board And Fincen Propose Changing International Funds Transfers Rules Acknowledges Crypto

The U.S. Federal Reserve Board and Fincen have proposed a proposal to lower the threshold at which financial institutions must collect and retain information on international funds transfers. The two U.S. agencies want to change the threshold for international transactions to be set at $250 down from the current $3,000.  However, they want to keep… Read More

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