Skip to content
Schrannenhalle

Schrannenhalle

US Treasury Department presents controversial bill for “wallet ban”

Posted on 20. December 202025. June 2021 By admin

The planned changes to the law are likely to have less dramatic effects on the crypto industry than previously feared.

The US Treasury Department has presented its new bill to regulate financial services, which would prohibit US-registered crypto exchanges from interacting with self-managed crypto wallets

In a corresponding announcement on Friday evening, the Department for Combating Financial Crime (FinCEN) presented the planned changes to the law that would force crypto exchanges to “obtain and confirm the identity of their customers if the counterparty involved in a transaction uses a self-managed wallet and the transaction is greater than $ 3,000 “.

Initially, this is only a draft, with the Ministry of Finance giving all parties who would be affected by such a law 15 days to comment

The first rumors of such a bill had already surfaced last month . The outgoing Finance Minister Steven Mnuchin was accused of wanting to significantly influence crypto regulation before the end of his term in office. In the announcement he writes:

“This bill addresses some aspects of the digital currency market that pose a threat to our national security. We want to close these security loopholes that attackers could misuse for their own purposes.”

However, several influential politicians have already spoken out against the bill, which many see as a fundamental attack on peer-to-peer (P2P) transactions. However, since there is no explicit legal regulation for these, the Ministry of Finance has great influence here.

However, the bill is far less bad than many feared beforehand. Rather, existing regulations for transactions, which concern the collection of customer information from US $ 3,000, would only be extended to all registered crypto companies that interact with self-managed wallets.

Bitcoin

Post navigation

Previous post
Next post

Recent Posts

  • Crowd Millionaire Review: Is This Bitcoin Trading Platform a Scam?
  • Bitcoin Profit Way Erfahrungen: Funktioniert der Handelsroboter wirklich?
  • Corona Millionaire Review: Scam or Legit? Unveiling the Best Bitcoin Trading
  • Bitcoin Lucro Erfahrungen und Test – Bitcoins handeln mit Leichtigkeit
  • Bitcoin Dynamit Erfahrungen: Der beste Weg, um mit Bitcoins zu handeln und Gewinne zu

Recent Comments

    Archives

    • September 2023
    • August 2023
    • July 2023
    • June 2023
    • May 2023
    • April 2023
    • March 2023
    • February 2023
    • January 2023
    • December 2022
    • February 2022
    • October 2021
    • September 2021
    • August 2021
    • February 2021
    • January 2021
    • December 2020
    • November 2020
    • October 2020
    • September 2020
    • August 2020
    • July 2020
    • June 2020
    • May 2020
    • April 2020
    • March 2020
    • December 2019
    • October 2019
    • June 2019
    • May 2019
    • June 2018

    Categories

    • Allgemein
    • Bitcoin
    • Casino
    • Crypto
    • Dateityp
    • Ethereum
    • Exel-Tipps
    • Methoden
    • nagradza
    • Rekordhöhe
    • Singapur
    • TV
    • Windows 7
    • Word-Tipps

    Meta

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org
    ©2023 Schrannenhalle | WordPress Theme by SuperbThemes