Express

Circle CEO: New Proposed FinCEN Rule Breaks DeFi

Amy Liu

Summary: Jeremy Allaire, co-founder and CEO of Circle, tweeted that new proposed FinCEN rule breaks DeFi -- how can a person provide the name and address of a counterparty when the counterparty is a DeFi protocol? This rule is broken. According to previous news, FinCEN proposes new KYC rules for crypto wallets. U.S. crypto users hoping to ...

Jeremy Allaire, co-founder and CEO of Circle, tweeted that new proposed FinCEN rule breaks DeFi -- how can a person provide the name and address of a counterparty when the counterparty is a DeFi protocol? This rule is broken. According to previous news, FinCEN proposes new KYC rules for crypto wallets. U.S. crypto users hoping to transfer their holdings from an exchange to their own self-hosted wallets may need to comply with new know-your-customer requirements.

By Amy Liu

Last Update:

Tags: ,,
Link: Circle CEO: New Proposed FinCEN Rule Breaks DeFi   [Copy]
Next:

Related Articles

  • Figma's IPO Triumph and Crypto Bet: How a Design Disruptor Stunned Wall Street After a ... 6 days ago
  • When Stablecoins Tear Down Banks’ Interest Margin Moats — A Third Look at the U.S. “Ge... 7 days ago
  • Twitter Space Highlight: Is Altcoin Season Coming? Unpacking BTC, Institutions & RWA 9 days ago
  • BTC Weekly: Momentum Top Divergence Signals Potential Shift Lower 9 days ago
  • The GENIUS Act & Stablecoin Regulation: BRG's Dominic Zagara on Crypto's Defining ... 12 days ago

    • You need to login to comment.