US representatives ask Mnuchin to extend comment period for proposed wallet rule to traditional 60 days
Eight members of Congress have sent a letter to Treasury Secretary Steve Mnuchin expressing concern over the shortened comment period for the Treasury’s recently proposed rule for virtual currency transactions. The Financial Crimes Enforcement Network (FinCEN) issued a notice of proposed rulemaking that would require more stringent know-your-customer and reporting measures for exchanges, cracking down …