Mnuchin’s DISASTROUS Crypto Regulation
NBTV: Your Money, Your Data, Your Life - A podcast by Naomi Brockwell
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Treasury Secretary Mnuchin plans to rush out new regulation regarding self-hosted crypto wallets before the end of his term.Apparently the proposed regulation would “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” according to Coinbase CEO Brian ArmstrongSo what would this ruling mean? Don’t want to have to KYC a store befo...