Calendar

FinCEN Extends Comment Period For Proposed Non-Custodial Crypto Wallet Rule

Mary Liu

Summary: The Financial Crimes Enforcement Network (FinCEN)  announced today it will extend the comment period for the proposed non-custodial crypto wallet rule. In response to the reporting requirements of crypto transaction information, FinCEN provides an additional 15 days of feedback time; for the requirements of banks and MSBs recordkeeping or reporting of customer transaction counterparties, an ...

The Financial Crimes Enforcement Network (FinCEN)  announced today it will extend the comment period for the proposed non-custodial crypto wallet rule.

In response to the reporting requirements of crypto transaction information, FinCEN provides an additional 15 days of feedback time; for the requirements of banks and MSBs recordkeeping or reporting of customer transaction counterparties, an additional 45 days of comment time is added.

The controversial proposal was first submitted on December 18 and has received more than 7,500 comments. 

By Mary Liu

Last Update:

Tags: ,,,
Link: FinCEN Extends Comment Period For Proposed Non-Custodial Crypto Wallet Rule   [Copy]
Next:

Related Articles

  • From Data Rights to Digital Property: Whistleblower Brittany Kaiser on Blockchain, RWA,... 3 days ago
  • The Base Chain's Ascent: How Deep Coinbase Integration and JPMorgan's Pilot Are Reshapi... 9 days ago
  • Tether in Trouble? U.S. Senate Just Passed a Law That Could Dethrone the $155B Stableco... 12 days ago
  • Justin Sun's Nasdaq Gamble: How Six Years Forged Ties with the Trump Family 13 days ago
  • The Crypto IPO Wave: From Fringe to Front Page 16 days ago

    • You need to login to comment.