The DOJ also argued in a court filing that FinCEN’s guidance addressing crypto mixers didn’t address the idea of “control,” a stance that the senators’ letter took issue with. In its filing from last month, the DOJ said anything that facilitates the transfer of funds would meet the legal definition of a “money transmitter,” likening the wallet to a USB cable that transfers data or a frying pan that transfers heat.
Related posts
-
Coinbase Launches Regulated Crypto Benchmark — Who Can Invest?
Coinbase’s new cryptocurrency index introduces a regulated crypto benchmark,... -
Italy lowers proposed crypto tax hike to 28%: report
Italy’s government is considering lowering its proposed tax hike on crypto trades, reducing the planned rate... -
Crypto Bull Market Arrives: Analysts Say ‘Buy Everything You Can’
Bernstein analysts foresee a crypto bull market fueled by...