R.I.P. Unhosted Wallet Rule

In 2020, the Financial Crimes Enforcement Network proposed imposing know-your-customer requirements on unhosted wallets, drawing immense backlash from the crypto industry. This week, the Treasury Department formally withdrew the proposal. source: https://www.coindesk.com/opinion/2024/08/23/rip-unhosted-wallet-rule/?utm_medium=referral&utm_source=rss&utm_campaign=headlines