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coinpedia 2023-08-07 05:58:12

US Businesses to Collect Information on Crypto Customers Over $10K!

The post US Businesses to Collect Information on Crypto Customers Over $10K! appeared first on Coinpedia Fintech News Starting in 2024, businesses operating in the US will be required to collect personal information from customers who use over $10,000 worth of cryptocurrency to make a purchase. The regulation is aimed at preventing money laundering and other illicit activities facilitated through cryptocurrencies. Businesses that accept cryptocurrency payments may need to implement new infrastructure to …

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