Twitter CEO Jack Dorsey hits out at FinCEN’s proposed crypto regulations.

Read full article at Coinnounce.

In a January 4 letter addressed to FinCEN, payment firm Square CEO Dorsey said, if the rules are approved, cryptocurrency customers may be pushed to use unregulated services outside of the U.S. “This creates unnecessary friction and perverse incentives for cryptocurrency customers to avoid regulated entities for cryptocurrency transactions, driving them to use non-custodial wallets or services […]

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