It’s here: Treasury proposes rule to monitor crypto going to self-hosted wallets

Many have called the long-rumored rules an existential threat to peer-to-peer transactions. The Treasury has released its long-awaited proposal to restrict money services businesses, including U.S.-registered crypto exchanges, from dealing with self-hosted wallets. In a Friday evening announcement, the Treasury’s Financial Crimes Enforcement Network, or FinCEN, announced proposed rules requiring registered crypto exchanges to verify […]

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Five times crypto got weird in 2020

Crypto is no stranger to weirdos, so here’s a few times the space got strange in 2020. Every industry, group, clique and conclave has its own share of weirdos — cryptocurrency and blockchain are no exception.  Considering that cryptocurrency is the so-called “native” currency of the internet — the repository of the sum of human […]

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WEF’s crypto council explores utility beyond ‘price speculation’ in inaugural review

The working group sends a strong signal that cryptocurrencies are becoming a permanent fixture in the global financial system. The World Economic Forum’s cryptocurrency working group published its inaugural review on Thursday — its first step in communicating the application of digital assets in finance and beyond. In a 38-page report, the Forum’s Global Future […]

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