The US Treasury's Financial Crimes Enforcement Network, FinCEN, announced that they were extending the window for responses, or comments, to a new rule which was deemed as rushed and anti-crypto. This rule proposes new ways to monitor cryptocurrency transactions, with proposed reporting requirements regarding transactions greater than $10,000, or aggregating to greater than $10,000, that involve unhosted wallets - or wallets hosted in jurisdictions identified by FinCEN. Furthermore, another new proposal from FinCEN would also require disclosure of offshore crypto accounts holding more than $10,000.

One company, Paxos, responded with their comments, as seen here https://www.paxos.com/paxos-comment-letter-to-the-financial-crimes-enforcement-network-of-the-us-treasury/.

Join Aviva Ounap, host of Crypto and Blockchain Talk, and Jonathan Dunsmoor, Founder, and Principal of Dunsmoor Law, as we dissect Paxos’ response and uncover what FinCEN is trying to achieve with their new rule.

Tune in to CryptoAndBlockchainTalk.com, the podcast that makes you smarter about the worlds of blockchain and cryptocurrency, and everything in between. It is our mission to interview the brightest stars in this space, bringing them straight to your ears for your listening pleasure, and best of all, for free!

In addition, all interviews are streamed on Crypto24Radio.com, bringing you the latest news on all things blockchain and crypto-related all day, every day - plus music!

So stay tuned and enjoy.

We LOVE having you as our listener, and friend!

SUBSCRIBE to our social channels and never miss an episode: SPOTIFY   iTunes   Stitcher   Soundcloud   Google Play Music   Tunein   Castbox   Podchaser   Pocket Casts   Overcast   iHeartRadio   PlayerFM   YouTube   Acast   Podnews   Castbox   Poddtoppen   Feedspot   Kimcoin   PodBean   Chartable  LISTEN NOTES  PodParadise Bullhorn amazon music    vurbl

__________________________

Do you want us to talk about your project or company? Email us: [email protected]