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FinCEN Proposed Crypto Wallet Rule Frozen By Biden – January 21

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📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price$33,198

Bitcoin price is sliding further heading into Thursday, as price briefly falls through the $33,000 level.

Top-20 altcoins also continue to follow suit, as Ethereum falls another 8%, XRP drops almost 5%, and Litecoin takes an 11% tumble.

Top Stories for January 21, 2021 🔥

👉 FinCEN Proposed Crypto Wallet Rule Frozen By Biden

FinCEN’s controversial proposed crypto wallet rule has been frozen – along with all agency rulemaking – by new US president Joe Biden.

If enacted, the rule would force exchanges to keep personal details on customers transferring more than $3,000 in crypto per day, as well as file currency transaction reports for transactions of over $10,000.

The administration had only provided a 15 day comment period on the rule, just a quarter of the more-common 60 days.

👉 BitMEX Research Detects Double-Spend On Bitcoin Network

A double-spend transaction has been identified on the Bitcoin blockchain by BitMEX Research, with a value of just $21.

The research team provided mixed messages on the origin of the double-spend, at first claiming it was not the product of a common “replace-by-fee” transaction, but later backtracking on the statement.

👉 Tether Lawyer Claims Firm Has Almost Produced All NYAG-Requested Docs

A recent court filing has shown that Tether and Bitfinex have provided almost all of the documents requested by the New York Attorney General, in a drawn-out court case between the parties.

Tether and Bitfinex had attempted to avoid producing the documents throughout the proceedings in 2020, before being ordered to do so by the court.

The post FinCEN Proposed Crypto Wallet Rule Frozen By Biden – January 21 appeared first on BitcoinPrice.com.



Source: FinCEN Proposed Crypto Wallet Rule Frozen By Biden – January 21

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