Square’s Jack Dorsey Hits Out at FinCEN’s ‘Burdensome’ Proposed Crypto Wallet...
"The burdensome information collection and reporting requirements deprive U.S. companies like Square of the chance to compete on a level playing field," Dorsey said.
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FinCEN’s proposed rule regulating “unhosted” wallet transfers has a number of potential issues, including unintended consequences for decentralized finance.
Financial services company Square has announced plans to build a hardware wallet for Bitcoin. The company’s CEO Jack Dorsey revealed the project via his Twitter handle. Dorsey claims that the entire design and development will be open source and will involve the crypto community. Dorsey added that their product will be inclusive following Bitcoin’s principles […]
Jack Dorsey and hardware lead Jesse Dorogusker have both confirmed Square’s plans to develop a Bitcoin hardware wallet. Digital payments firm Square is building a Bitcoin hardware wallet, with CEO Jack Dorsey and hardware lead Jesse Dorogusker both confirming the plan on Twitter. The tech entrepreneur and Bitcoin proponent, first teased the idea for a Square hardware wallet and custody service last month, bu revealed today that “we’re doing it.”We’re doing it #Bitcoin https://t.co/IwbKuBoXGv— jack (@jack) July 8, 2021 Dorogusker said on Twitter that Square wants to make Bitcoin....
Jack Dorsey has outlined plans to build an open developer platform focused on creating Bitcoin DeFi services. Square CEO Jack Dorsey has stated that the firm is building a new division that will focus on building decentralized finance services that utilize Bitcoin.Dorsey made the announcement via Twitter earlier today, and revealed that Square’s new division will be building an “open developer platform with the sole goal of making it easy to create non-custodial, permissionless, and decentralized financial services. Our primary focus is Bitcoin” Like our new #Bitcoin hardware wallet, we’re....
“Bitcoin is for everyone. It’s important to us to build an inclusive product that brings a non-custodial solution to the global market,” the CEO said. Square Inc., the mobile payments company behind the popular Cash App, is strongly considering developing an open-source Bitcoin (BTC) wallet, signaling continued conviction in the future of digital currency payments. “Square is considering making a hardware wallet for Bitcoin,” CEO and co-founder Jack Dorsey tweeted Friday. “If we do it, we would build it entirely in the open, from software to hardware design, and in collaboration with the....