US Treasury regulations for user-controlled wallets

On December 18, the U.S. Treasury Department announced a proposed rule  that could apply to certain transactions you make from your cryptocurrency wallets. This new regulation is only at the proposal stage -- it has not yet been finalized.

There is no impact to your Coinbase account at this time. Your crypto is secure and you can continue to use our services without interruption.

The recently proposed government regulation would create new crypto record keeping and reporting requirements that could increase the amount of personal information we and other cryptocurrency exchanges are required to collect and share with the government about you and the people you transact with using your cryptocurrency wallet. We think this proposal represents too big of an intrusion on your privacy. If you’d like to learn more, including how to voice your concerns directly to the Treasury before these regulations are finalized, please read our blog post.

We are committed to compliance with applicable regulations, and we'll continue to update this article if there are any relevant changes.

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