01-07-2021, 07:11 AM
FinCEN wants to force cryptocurrency exchanges to assist them in conducting financia
<!-- SC_OFF --><div class="md"><p><strong>Edit: Thanks for the questions everyone! We're going to conclude the Q&A! See you all again soon!</strong></p> <p><em>Edit: We'll be hopping on to answer all your questions at 3pm ET, but in the meantime please upvote the thread and post your questions!</em></p> <p>FinCEN, an arm of the US Treasury, has proposed a new rule allowing them to track your cryptocurrency transactions without the need for a warrant. They want to force all cryptocurrency exchanges to keep records on transactions to private wallets over $3k, and automatically report all transactions to private wallets over $10k directly to FinCEN. These reports will include things like your name, transaction amount, and even the public address you are sending the cryptocurrency too. With this information, FinCEN has the ability to not only surveil all your future transactions, but also view past transactions. No private or government entity has the right to access such sensitive information, and this move should be met with fierce resistance.</p> <p>Luckily, we have 1 more day to make our voices heard, as comments for this rule end on Jan 7th. If you oppose this move by FinCEN, head over to <a href="https://www.StopFinancialSurveillance.org">StopFinancialSurveillance.org</a>, and tell them to reverse course on this terrible new rule.</p> <p>We're here to answer your questions, so ask us anything!</p> <p>Participants:</p> <p>Joe Thornton, Fight for the Future - <a href="/u/fightforthefuture">/u/fightforthefuture</a></p> <p>Peter Van Valkenburgh, CoinCenter - <a href="/u/Valkenburgh">/u/Valkenburgh</a></p> <p>Kristin Smith, Blockchain Association - <a href="/u/KristinSmithBA">/u/KristinSmithBA</a></p> <p>Miller Whitehouse-Levine, Blockchain Association - <a href="/u/Millerwl">/u/Millerwl</a></p> <p>Hayley Tsukayama, EFF - <a href="/u/EFFOrg">/u/EFFOrg</a></p> <p>Rainey Reitman, EFF - <a href="/u/EFFOrg">/u/EFFOrg</a></p> <p>Marta Belcher, EFF - <a href="/u/EFFOrg">/u/EFFOrg</a></p> <p>Danny O’Brien, EFF - <a href="/u/EFFOrg">/u/EFFOrg</a></p> <p>Jon Callas, EFF - <a href="/u/EFFOrg">/u/EFFOrg</a></p> <p>---</p> <p>If you want to support our work, we accept cryptocurrency donations here: <a href="https://fightforthefuture.org/donate/cryptocurrency">fightforthefuture.org/donate/cryptocurrency</a></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/fightforthefuture"> /u/fightforthefuture </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/krtad7/fincen_wants_to_force_cryptocurrency_exchanges_to/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/krtad7/fincen_wants_to_force_cryptocurrency_exchanges_to/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p><strong>Edit: Thanks for the questions everyone! We're going to conclude the Q&A! See you all again soon!</strong></p> <p><em>Edit: We'll be hopping on to answer all your questions at 3pm ET, but in the meantime please upvote the thread and post your questions!</em></p> <p>FinCEN, an arm of the US Treasury, has proposed a new rule allowing them to track your cryptocurrency transactions without the need for a warrant. They want to force all cryptocurrency exchanges to keep records on transactions to private wallets over $3k, and automatically report all transactions to private wallets over $10k directly to FinCEN. These reports will include things like your name, transaction amount, and even the public address you are sending the cryptocurrency too. With this information, FinCEN has the ability to not only surveil all your future transactions, but also view past transactions. No private or government entity has the right to access such sensitive information, and this move should be met with fierce resistance.</p> <p>Luckily, we have 1 more day to make our voices heard, as comments for this rule end on Jan 7th. If you oppose this move by FinCEN, head over to <a href="https://www.StopFinancialSurveillance.org">StopFinancialSurveillance.org</a>, and tell them to reverse course on this terrible new rule.</p> <p>We're here to answer your questions, so ask us anything!</p> <p>Participants:</p> <p>Joe Thornton, Fight for the Future - <a href="/u/fightforthefuture">/u/fightforthefuture</a></p> <p>Peter Van Valkenburgh, CoinCenter - <a href="/u/Valkenburgh">/u/Valkenburgh</a></p> <p>Kristin Smith, Blockchain Association - <a href="/u/KristinSmithBA">/u/KristinSmithBA</a></p> <p>Miller Whitehouse-Levine, Blockchain Association - <a href="/u/Millerwl">/u/Millerwl</a></p> <p>Hayley Tsukayama, EFF - <a href="/u/EFFOrg">/u/EFFOrg</a></p> <p>Rainey Reitman, EFF - <a href="/u/EFFOrg">/u/EFFOrg</a></p> <p>Marta Belcher, EFF - <a href="/u/EFFOrg">/u/EFFOrg</a></p> <p>Danny O’Brien, EFF - <a href="/u/EFFOrg">/u/EFFOrg</a></p> <p>Jon Callas, EFF - <a href="/u/EFFOrg">/u/EFFOrg</a></p> <p>---</p> <p>If you want to support our work, we accept cryptocurrency donations here: <a href="https://fightforthefuture.org/donate/cryptocurrency">fightforthefuture.org/donate/cryptocurrency</a></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/fightforthefuture"> /u/fightforthefuture </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/krtad7/fincen_wants_to_force_cryptocurrency_exchanges_to/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/krtad7/fincen_wants_to_force_cryptocurrency_exchanges_to/">[comments]</a></span>Kind Regards R