FINCEN to propose new rules that could impact you. Prepare to fight.
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FINCEN to propose new rules that could impact you. Prepare to fight.

FINCEN to propose new rules that could impact you. Prepare to fight.

Get ready to submit your comments. Treasury thinking about labeling individual persons as “VASPs” and imposing travel rule requirements on *individuals*.

https://www.coindesk.com/fincen-proposes-kyc-rules-for-crypto-wallets

The new rule is going to be published soon in the Federal Register, and the comment window will only be 15 days. (Usually they afford a 30-60 comment period, which shows just how fast they want to push this through without getting broad feedback from industry and individuals.)

Edit: Here is a good recap and preliminary response from Coin Center: https://www.coincenter.org/a-midnight-rule-for-cryptocurrency-transaction-reports/

I’m still looking for the way to submit comments–doesn’t seem to be available yet.

submitted by /u/Always_Question
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