The president of the United States Of America Mr. Joe Biden Jr. In a quick stroke of a finger have reversed the Financial Crimes Enforcement Network (FinCEN) relating to cryptocurrency wallets.
A memo was released in this regard and reads;
“With respect to rules that … have not taken effect, consider postponing the rules’ effective dates for 60 days from the date of this memorandum.“
What you should Know.
From late last year, there have been a lot of motions by the United States Of America heads of treasury to bring more policy geared towards checkmating the meteoric rise of the digital currency. One Of the moves by the trump administration was to bring more transparency and give it a lot more control from the government establishment and protect investors. They also aim to increasing financial access, giving people greater control over their financial lives, and accelerating global payments.
What you must know.
Cryptocurrency related issues at the U.S. Securities and Exchange Commission (SEC) have increased in recent times, the current is the long jam lawsuit against Ripple Labs and its executives. In one of his early nominations (Mr. Joe Biden), Gary Gensler a top University Don from MIT and a blockchain professor have been nominated to chair the exchange commission. This has sent a mix feeling as to what would be expected in the cryptocurrency world in the coming years.
Follow and like this page for more educative digital contents.