FinCEN Rules Crypto Wallets, Ripple XRP LTC ETH Big Gains, 20% Bitcoin Engagement on PayPal Trade. Video by crypto Eri.
The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has released a notice of proposed rulemaking that would require money services business to submit reports, keep records and verify the identity of customers as they relate to digital currencies “held in unhosted wallets … or held in wallets hosted in a jurisdiction identified by FinCEN.”
