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Thursday

21 January 2021

New KYC Rules May Arrive Before Trump Leaves Office | Crypto Briefing

New KYC Rules May Arrive Before Trump Leaves Office | Crypto Briefing


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He also affirmed that those rules will not disrupt the blockchain industry.

Those rules supposedly would force crypto exchanges to collect Know-Your-Customer (KYC) information for users’ private wallets.

Treasury’s upcoming regulations will do little damage to crypto, and that the Treasury will ensure no harm is caused to Bitcoin in enforcing any regulation.

Brooks added that the Treasury will announce regulations in the coming six to eight weeks.

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