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Coin Center Calls For Members Of Crypto Community To Post Comments On FinCEN's Pending Crypto Rule
Summary: Executive director of non-profit crypto policy advocate group Coin Center, Jerry Brito, is calling for crypto supporters to add comments to a pending FinCEN rule which could impact those self-custodying cryptocurrencies before the comment period ends. Brito stated in a recent tweet that with the two-week commentary period coming to an end an influx of comments ...
Executive director of non-profit crypto policy advocate group Coin Center, Jerry Brito, is calling for crypto supporters to add comments to a pending FinCEN rule which could impact those self-custodying cryptocurrencies before the comment period ends.
Brito stated in a recent tweet that with the two-week commentary period coming to an end an influx of comments against the ruling could make a difference in the outcome. He added this was a chance for members of the crypto community to point out unintended consequences of the ruling.
The new law, if passed, would require US-regulated crypto services to check customers' identities and their respective wallets when they withdraw over $3,000 worth of crypto to a self-custodied wallet. FinCEN shortened the comment period for this rule from the typical 60-days to 15-days.
By Emily Mason
Tags: Coin Center,Crypto Rules,FinCEN
Link: Coin Center Calls For Members Of Crypto Community To Post Comments On FinCEN's Pending Crypto Rule [Copy]
