🚨 JUST IN: THE U.S. JUST KILLED THE $250 CRYPTO TRAVEL RULE. 👀
FinCEN and the Fed withdrew the 2020 plan to cut the cross-border threshold from $3,000 to $250.
It would also have written crypto into the rules. Dead too.
The $3,000 threshold stays.
Filed Nov 6, published in the Federal Register today.
Nothing changes today — the rule never took effect. But they left the door open to a new version.
$BTC — win for crypto privacy, or just a pause before a tougher rule? #FinCENAndFedToWithdrawCrossBorderThresholdProposal #TravelRule #CryptoRegulationUpdate #Fed #CryptoNews
FinCEN and the Fed withdrew the 2020 plan to cut the cross-border threshold from $3,000 to $250.
It would also have written crypto into the rules. Dead too.
The $3,000 threshold stays.
Filed Nov 6, published in the Federal Register today.
Nothing changes today — the rule never took effect. But they left the door open to a new version.
$BTC — win for crypto privacy, or just a pause before a tougher rule? #FinCENAndFedToWithdrawCrossBorderThresholdProposal #TravelRule #CryptoRegulationUpdate #Fed #CryptoNews
