To have a look at the U.S. authorities, it’s the better of instances and the worst of instances for private monetary privateness.
On the one hand, in feedback earlier than the Senate Monetary Providers Committee, Treasury Secretary Steven Mnuchin stated his company’s Financial Crimes Enforcement Community, or FinCEN, is planning stricter rules on anti-money laundering and crypto.
On the similar time, the CEO of DropBit was arrested on cash laundering expenses round a bitcoin (BTC) mixing service he allegedly ran between 2014 and 2017. On this new enforcement regime, one of many authorities’s main companions is Chainalysis, which has received greater than $10 million in federal company contracts since 2015.
But, privateness advocates are additionally surprisingly enthused by feedback from Federal Reserve Chair Jerome Powell, who steered in testimony to Congress that any potential U.S. digital greenback would want to protect privateness.
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