Proposed on Dec. 18, the regulation would require exchanges to collect personal know-your-customer data from private or “unhosted” cold wallets on the sending or receiving end of transactions of more than $3,000. The Financial Crimes Enforcement Network (FinCEN) originally gave the proposal a very unusual 15-day comment period, which included the Christmas and New Year’s holidays.
Will Treasury Secretary Janet Yellen follow through on predecsessor Steven Mnuchin's cold wallet monitoring plan? (Photo: Wikimedia Commons)
