Coinbase CEO: Trump administration may ‘rush out’ burdensome crypto wallet rules

posted 2 months ago
The U.S. Treasury Department is rumored to be attempting to track owners of self-hosted cryptocurrency wallets through an onerous set of data-collection requirements.

CEO of Coinbase, Brian Armstrong tweeted “This proposed regulation would, we think, require financial institutions like Coinbase to verify the recipient/owner of the self-hosted wallet, collecting identifying information on that party, before a withdrawal could be sent to that self-hosted wallet.”
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