BREAKING NEWS: US Treasury Limits Opportunities for Self-Hosted Wallets

The movement of cryptocurrencies entering autonomous wallets, according to the US Treasury, is a real threat to decentralized transactions

What happened so long and persistently rumored in the cryptosphere. Monetary service providers, including United States-licensed crypto exchanges, have been asked to restrict personal wallets.

FinCEN announced Friday that it is launching a network of rules requiring registered crypto exchanges to verify the identity of customers if the transaction amount exceeds $ 3,000 and the counterparty wallet is not hosted or otherwise hidden.

So far, this is just a suggestion. Treasury gives stakeholders 15 days to respond with comments. Related videos:

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