US Treasury’s Unhosted Wallet Proposal Is Unnecessary, Ineffective And Counterproductive
Following the US Treasury notice of proposed rulemaking (NPRM) issued on December 18, 2020 regarding transactions with unhosted wallets and wallets hosted at financial institutions in certain jurisdictions, Elliptic today submitted an open letter to FinCEN in response to the proposed changes. Q3 2020 hedge fund letters, conferences and more Elliptic's Open Letter On US Treasury’s Proposed Rules On Unhosted Wallet TransactionsPolicy Division Financial Crimes Enforcement Network (“FinCEN”) P.O. Box 39 Vienna, VA 22183 Re: FinCEN Docket No. FINCEN-2020–0020; RIN №1506-AB47; Notice of Proposed Rul...