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Kind 9802
"Reporting Requirements: A Stark Overreach: The proposal's demand for banks and MSBs to report transactions involving convertible virtual currency (CVC) and legal tender digital assets (LTDA) is a stark overreach. The proposal cites the United States v. Miller, which considered bank records as outside the Fourth Amendment’s protection, FinCEN is attempting to justify its invasive practices. However, this proposal completely overlooks the significant shift in legal thinking marked by Carpenter v. United States, a case that recognized the sensitive nature of personal data. Here, the government’s desire to curb financial crimes does not, and should not, translate into unrestricted access to individual transaction data." This is a highlight created on https://highlighter.com
Author Public Key
npub1wkljx5c6a8uccc5etws8ry0y3r4dgavh2dcav0tal4rtmcdl4z2sfu5u0t
Published at
2023-12-12 15:48:38
Kind type
9802
Event JSON
{ "id": "b697f65928dd493a3a9bda189e9b8d05099d14eac455be161a11a5a91a7e337f", "pubkey": "75bf23531ae9f98c62995ba07191e488ead475975371d63d7dfd46bde1bfa895", "created_at": 1702392518, "kind": 9802, "tags": [ [ "r", "https://egodeath.capital/blog/fincen-may-be-violating-your-rights-bitcoin" ], [ "context", "Reporting Requirements: A Stark Overreach: The proposal's demand for banks and MSBs to report transactions involving convertible virtual currency (CVC) and legal tender digital assets (LTDA) is a stark overreach. The proposal cites the United States v. Miller, which considered bank records as outside the Fourth Amendment’s protection, FinCEN is attempting to justify its invasive practices. However, this proposal completely overlooks the significant shift in legal thinking marked by Carpenter v. United States, a case that recognized the sensitive nature of personal data. Here, the government’s desire to curb financial crimes does not, and should not, translate into unrestricted access to individual transaction data." ], [ "title", "Analysis of FinCEN Policy FINCEN-2023-0016: Overreach and Impact on Individual Rights — #jointheeclipse" ], [ "alt", "\"Reporting Requirements: A Stark Overreach: The proposal's demand for banks and MSBs to report transactions involving convertible virtual currency (CVC) and legal tender digital assets (LTDA) is a stark overreach. The proposal cites the United States v. Miller, which considered bank records as outside the Fourth Amendment’s protection, FinCEN is attempting to justify its invasive practices. However, this proposal completely overlooks the significant shift in legal thinking marked by Carpenter v. United States, a case that recognized the sensitive nature of personal data. Here, the government’s desire to curb financial crimes does not, and should not, translate into unrestricted access to individual transaction data.\"\n\nThis is a highlight created on https://highlighter.com" ] ], "content": "Reporting Requirements: A Stark Overreach: The proposal's demand for banks and MSBs to report transactions involving convertible virtual currency (CVC) and legal tender digital assets (LTDA) is a stark overreach. The proposal cites the United States v. Miller, which considered bank records as outside the Fourth Amendment’s protection, FinCEN is attempting to justify its invasive practices. However, this proposal completely overlooks the significant shift in legal thinking marked by Carpenter v. United States, a case that recognized the sensitive nature of personal data. Here, the government’s desire to curb financial crimes does not, and should not, translate into unrestricted access to individual transaction data.", "sig": "6a50441f2c096ce627bacdc2f741d452c1d7458647ee81a060c74eaa30fda19bcbd3afd5c1fa53c23a3d279692de186c4512285206ed4319fa7f78cd7132cf2a" }