“FinCEN's regular wallet KYC proposal officially dead. In 2020, the Financial Crimes Enforcement Network proposed KYC requirements for regular Bitcoin wallets, prompting immense backlash from the industry. The proposal faced a major setback when the comment period was extended by 15 days, ensuring President Joe Biden would be in office instead of Trump/Mnuchin. Although the rule occasionally resurfaced, it was never seriously reconsidered. Finally, on August 19, 2024, the proposal was officially withdrawn.”
🥳👏👏
BlokchainB / Boog
npub18z…y44j4
2024-08-23 20:44:58
Author Public Key
npub18zc85v0nkg7maw04nh4hhmzmnych876qygsxnq8nszwsk69tl9vscy44j4Published at
2024-08-23 20:44:58Event JSON
{
"id": "d9edf8c0e73ce211fce97729089873e7fb8c47f95721a6cc330a2d5f6a7fa896",
"pubkey": "38b07a31f3b23dbeb9f59deb7bec5b993173fb4022206980f3809d0b68abf959",
"created_at": 1724438698,
"kind": 1,
"tags": [],
"content": "“FinCEN's regular wallet KYC proposal officially dead. In 2020, the Financial Crimes Enforcement Network proposed KYC requirements for regular Bitcoin wallets, prompting immense backlash from the industry. The proposal faced a major setback when the comment period was extended by 15 days, ensuring President Joe Biden would be in office instead of Trump/Mnuchin. Although the rule occasionally resurfaced, it was never seriously reconsidered. Finally, on August 19, 2024, the proposal was officially withdrawn.”\n\n🥳👏👏",
"sig": "df9165dc97dc72184b69acf4a9b7457c6b437239ee2af689f720962c69dddd77027c46d7010749eaa49adc722d0b01016a588682b5f7c66d175c4f2afe3666e0"
}