At Consensus 2022, the U.S. Department of the Treasury announced its plans to bring the cryptocurrency industry in compliance with Bank Secrecy Act reporting requirements and to regulate self-hosted cryptocurrency wallets. To those uninitiated in regulatory speak, this means cryptocurrency users who transact privately using anonymous, peer-to-peer technology may soon be required to reveal their identity to private industry and the government.
Rethinking America’s coming crypto surveillance regime
Rethinking America’s coming crypto…
Rethinking America’s coming crypto surveillance regime
At Consensus 2022, the U.S. Department of the Treasury announced its plans to bring the cryptocurrency industry in compliance with Bank Secrecy Act reporting requirements and to regulate self-hosted cryptocurrency wallets. To those uninitiated in regulatory speak, this means cryptocurrency users who transact privately using anonymous, peer-to-peer technology may soon be required to reveal their identity to private industry and the government.