Are Bitcoin Wallet Providers Exchanges? Comparing A Federal Reserve Document Revision
https://medium.com/@inthepixels/are-wallet-providers-exchanges-6ee085309220
https://medium.com/@inthepixels/are-wallet-providers-exchanges-6ee085309220
A basic reading of the new version does not add or omit anything that would be considered
an attempt to incorporate "wallet providers" into the laws that govern "exchanges".
Many users here (not saying you) are mistaken in thinking that simple wallets will one day
be governed by laws that require AMLs and KYCs.
... Does that mean Mycelium is totally off the hook because Coinapult is handling it or are they dragged in too?
From my understanding, Mycelium (a "wallet") will be dragged in since they are facilitating Coinapult (an "exchange/transmitter").
They will have to drop that feature of their wallet in the future, if they wish to remain in not collecting users info.
