United States President Joe Biden put a freeze on crypto wallet rules
Proposed rules by Federal reserve wanted to regulate and spy on privacy (non - custodial) wallets
On the first day of office president Joe biden put a freeze on any new or pending Trump era ruling untill member of his administration review it
It includes the proposed rule set up by Financial crime enforcement network (FinCEN) under US Federal Secretary Mnuchin.
Bureau proposed rule would require banks and financial services to submit reports on their users identity and transaction they make
President Biden put freeze to all agencies rulemaking pending until further review including the crypto wallet ruling.
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