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US Treasury’s Proposed Crypto Wallet Rule Is Unconstitutional, Warns Civil Rights Group

The New Civil Liberties Alliance has objected to FinCEN’s proposed crypto wallet rule, calling it “unlawful.” In addition, the group says that the U.S. Treasury’s “planned ‘crackdown’ on cryptocurrency holders’ private wallets is an unconstitutional power grab.” FinCEN’s Proposed Crypto Wallet Rule Is Unlawful, Says NCLA The New Civil Liberties Alliance (NCLA), a nonpartisan, nonprofit civil rights group, filed its comments on Monday objecting to FinCEN’s proposed rule, entitled “Requirements for Certain Transactions Involving Convertible Virtual Currency or Digital Assets.” The Financial Crimes Enforcement Network (FinCEN) is a bureau of the U.S. Treasury Department. The NCLA warned: The U.S. Treasury…

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Republican Tom Emmer Works for Clearer Crypto Rules

Minnesota Republican Tom Emmer believes that bitcoin and cryptocurrency are the future of money, and he’s trying hard to get the rest of his congressional colleagues to wake up and see the light on digital assets. Tom Emmer Is a Big Crypto Fan In a recent interview, Emmer commented that he was first intrigued by digital currencies several years ago, saying they appealed to the “libertarian” in him. He is now pushing for further digital currency acceptance and believes that they can make a huge dent in political campaigns and in how politicians will appear in the future. He’s getting…

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Crypto Regulation is Getting Stricter, 5 Best Tips To Stay On Top Of The Latest Rules

It’s fair to say that global crypto regulation is becoming more strict, with an array of bans, card freezes, and tracking requirements imposed by national governments in opposition to cryptocurrency. One of the most significant talking points and drivers for cryptocurrencies from the start of the 2017 Crypto Boom was unregulated. The central portion of the debate is consisted of whether or not cryptocurrencies should be regulated, and if so, to what extent should they be regulated. Source- https://www.coindesk.com/blockchains-big-year-competitive-job-market-grows-200Regulators have been stumbling over what to do with the new type of asset class; however, this period may be over soon. History of Crypto Wallet…

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