U.S. TREASURY DROPS CRYPTO WALLET SURVEILLANCE RULES | BIG WIN FOR SELF-CUSTODY?
The U.S. Treasury’s FinCEN has withdrawn proposed rules targeting self-custodied crypto wallets and certain crypto-mixing transactions.
➤ $3,000+: Enhanced recordkeeping requirements proposed
➤ $10,000+: FinCEN reporting requirement proposed
➤ Crypto Mixers: Additional AML reporting rules proposed
The withdrawal means these controversial proposals will NOT move forward in their current form.
A major win for crypto privacy, self-custody and financial freedom?
The U.S. Treasury’s FinCEN has withdrawn proposed rules targeting self-custodied crypto wallets and certain crypto-mixing transactions.
➤ $3,000+: Enhanced recordkeeping requirements proposed
➤ $10,000+: FinCEN reporting requirement proposed
➤ Crypto Mixers: Additional AML reporting rules proposed
The withdrawal means these controversial proposals will NOT move forward in their current form.
A major win for crypto privacy, self-custody and financial freedom?
