Payments giant Square is pushing back against proposed regulation from the U.S. Financial Crimes Enforcement Network (FinCEN) that would require stricter oversight of cryptocurrency transactions. In a letter addressed to FinTech’s Policy Division, Square says the record-keeping and reporting requirements under the proposed policy are far beyond what is currently required for cash transactions. “Instead of […]The post Payments Giant Square Says New US Regulations Will Hurt Crypto Adoption and Enforcement appeared first on The Daily Hodl.
