Comment from Coin Center
Coin CenterSupportAdvocacy
Summary: Coin Center, an independent nonprofit research and advocacy center, supports the proposed action but urges regulators to prioritize privacy-preserving digital identity tools and data-minimized compliance. They argue that overcollecting sensitive personal information creates significant cybersecurity and fraud risks and advocate for a clear distinction between regulated customer relationships and broader peer-to-peer secondary-market activity.
Comment of Coin Center to FinCEN and OFAC on PPSI AML/CFT and Sanctions Program Requirements