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Bitcoin News

Regulators Like FinCEN and FATF Are Looking to Take Control of Unhosted Wallets
By • 3 mins read
Altcoin News, Bitcoin News, Cryptocurrency News, News

Regulators Like FinCEN and FATF Are Looking to Take Control of Unhosted Wallets

By • 3 mins read

Top regulators like FinCEN and FATF have introduced several mandatory rules of reporting transactions taking place through unhosted wallets. Reportedly, such transactions have links to money laundering and terror financing and hence greater scrutiny over them is essential.