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KYC to Stake your eth coming to the US

Etherum Reddit

More / Etherum Reddit 185 Views

https://cointelegraph.com/news/kyc-to-stake-your-eth-it-s-probably-coming-to-the-us

tl;dr:

  • SEC Chairman Gary Gensler stated that proof-of-stake (PoS) digital assets could be considered securities.

  • The SEC claims that ETH transactions fall under U.S. jurisdiction due to the high concentration of the network’s nodes.

  • The U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) will require all businesses operating on the Ethereum blockchain to comply with KYC and AML.

submitted by /u/KAX1107
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