Daily Fintech Conversations

Delaying the inevitable by regulating self-custody wallets

Originally published at: https://dailyfintech.com/2020/11/30/can-non-custodial-crypto-wallets-replace-banks

In a tweet on Thanksgiving day, Tim Armstrong, CEO at Coinbase, posted that US Secretary of Treasury, Steven Mnuchin, is rumored to be working on a law to regulate self-hosted crypto wallets. Supposedly he’s rushing to wrap and deliver this law before the end of Donald Trump’s term of office on January 20, 2021. The…