Coinbase urges US Treasury to reconsider bulk data reporting i | Crypto Inside

Coinbase urges US Treasury to reconsider bulk data reporting in proposed crypto mixing rules

Coinbase said the U.S. Treasury’s proposed rulemaking on cryptocurrency mixing fails to adequately address a regulatory gap while demanding unnecessary amounts of data and resources from crypto platforms.

In a comment filed Monday to the Treasury Department's Financial Crimes Enforcement Network (FinCEN), Coinbase suggested that regulated crypto platforms are already obligated to recordkeeping and reporting rules on suspicious activities and illicit crypto mixing.