Coinbase seeks extended feedback deadline to FinCEN’s new crypto rules

Cointelegraph

Published Dec 22, 2020 05:08AM ET

Updated Dec 22, 2020 06:40AM ET

Coinbase, one of the largest cryptocurrency exchanges in the United States, is advocating extension for the industry’s feedback deadline to newly proposed crypto rules by the Treasury’s Financial Crimes Enforcement Network, or FinCEN.

In a Dec. 21 blog post, Coinbase’s chief legal officer Paul Grewal addressed FinCEN’s newly released rulemaking regarding self-hosted crypto wallets. The blog post represents an open letter to Kenneth Blanco, the director of FinCEN.

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