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A new US law that treats crypto like bricks of cash will have grave consequences

Section 6050I forces businesses to collect, verify and report customers’ names, addresses, Social Security numbers and other personal information without a warrant

Abraham Sutherland is a fellow at Coin Center and an adjunct professor at the University of Virginia School of Law

Without fanfare or debate, Congress has recently determined that economically meaningful transfers of digital assets should be as rare, burdensome and criminally suspect as transacting in bricks of cash.

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