Coinbase Asks FinCEN To Extend Discussion On New Wallet Regulation
Cryptocurrency exchange Coinbase has asked the US Treasury Department to extend the discussion period for the proposed regulation of non-custodial wallets from 15 to the standard 60 days. According to a Coinbase blog post addressed to Kenneth Blanco, Director of the Financial Crimes Enforcement Network (FinCEN), the discussion period on the newly proposed rules to regulate non-custodial cryptocurrency wallets should be extended. Earlier, community members have already expressed dissatisfaction with the relatively short time frame…
