Want to create an interactive transcript for this episode?
Podcast: NBTV: Your Money, Your Data, Your Life
Episode: Mnuchinâs DISASTROUS Crypto Regulation
Description: Treasury Secretary Mnuchin plans to rush out new regulation regarding self-hosted crypto wallets before the end of his term.Apparently the proposed regulation would ârequire financial institutions like Coinbase to verify the recipient/owner of the self-hosted wallet, collecting identifying information on that party, before a withdrawal could be sent to that self-hosted walletâ according to Coinbase CEO Brian ArmstrongSo what would this ruling mean? Donât want to have to KYC a store before buying groceries? Want to participate in DeFi? Then move your money out of financial institutions and into non-custodial wallets. Remembe...