The act would also allow the Financial Crimes Enforcement Network (FinCEN) to implement a proposed rule requiring institutions to report certain transactions involving unhosted wallets – wallets where the user has complete control over the contents rather than relying on an exchange or other third party.

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• Source: https://www.coindesk.com/policy/2022/12/14/us-senators-warren-marshall-introduce-digital-assets-anti-money-laundering-bill/?utm_medium=referral&utm_source=rss&utm_campaign=headlines