Grayscale Donates $1M to Non-profit Blockchain Research Center
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25 January
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Grayscale Investments LLC., a crypto investing services company, has donated $1 million to a non-profit research and advocacy center for the blockchain called Coin Center. In a press release, Grayscale says it also plans to donate an additional $1 million later in February.

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Grayscale claims the center played a major role in advocating for issues that affect the crypto market.

"Over the past two months, Coin Center filed two strong comment letters that played a key part in correcting issues in proposed rulemaking by the Financial Crimes Enforcement Network (FinCEN) that would have had serious negative consequences for self-hosted wallet users and the overall digital currency industry," Grayscale emphasized.

Grayscale Investments CEO, Michael Sonnenshein, notes the donation is in the interest "of all users, developers, investors, and other market participants that regulators are properly informed about developments in this space."

FinCEN Wants Crypto Exchanges to Identify All Wallets

Earlier this month, the Silicon Valley-based venture capital firm Andreessen Horowitz (a16z) said the recently proposed cryptocurrency rulemaking by the FinCEN "violates the government’s own established procedures." The venture capital firm wrote the watchdog's propose is a "rushed, non-vetted" regulation of the cryptocurrency market.

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