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Replying to Avatar Sam Sethi :pc2red: ⁂

Trump has signed a resolution that eliminates an Internal Revenue Service rule approved in the last days of the Biden administration, which would have had a significant effect on DeFi projects.

The decentralized financial (DeFi) corner of the crypto sector is now freed from U.S. Internal Revenue Service demands that such platforms be treated as brokers and required to track and report user activity.

/cc nostr:nprofile1qy2hwumn8ghj7un9d3shjtnddaehgu3wwp6kyqpqu889jx72l4rn6vsva3jqxyhtekq4qhanwh296lz30ajpsrlhuvfqe0mp2c nostr:nprofile1qy2hwumn8ghj7un9d3shjtnddaehgu3wwp6kyqpqrndt02vslfla4r3hygqazyxvu2d4p03suk0cvxxmtdelth4khy6sjj2vdf can you restore Alby custodial wallets?

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Moritz 8mo ago

There is also FinCEN and their Money Service Business rules: https://www.fincen.gov/sites/default/files/2019-05/FinCEN%20Guidance%20CVC%20FINAL%20508.pdf

According to them custodial wallets are money transmitters

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