In response to FinCEN’s proposed rules threatening Bitcoin privacy, Samourai Wallet, a prominent player in the digital asset space, has issued a comprehensive statement through their legal team led by The Crypto Lawyers’ Rafael Yakobi.
Part of Samourai Wallet’s letter — Source
The proposal, signed by 25 unaffiliated Bitcoin companies, seeks to normalize Bitcoin mixing and opposes the bureau’s ideology that deems basic practices, like not reusing addresses, suspicious. Samourai Wallet highlights the serious privacy implications this new ruling could have, and challenges the overreach by the U.S. Department of the Treasury.
The proposed regulation identifies routine practices like…
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