JUST IN: 🇺🇸 BIG WIN FOR CRYPTO PRIVACY!
The U.S. Treasury has withdrawn the controversial proposal targeting transactions involving unhosted/self-custody wallets.
The proposal would have forced banks and crypto businesses to collect, verify and report additional information for certain transactions involving private wallets.
Why it matters:
• Stronger protection for self-custody
• Less regulatory pressure on private wallets
• Major signal for crypto privacy in the U.S.
• Treasury has also acknowledged legitimate uses for crypto privacy tools, including mixers
The regulatory tide around crypto privacy is shifting.
BULLISH FOR CRYPTO FREEDOM.
#crypto
The U.S. Treasury has withdrawn the controversial proposal targeting transactions involving unhosted/self-custody wallets.
The proposal would have forced banks and crypto businesses to collect, verify and report additional information for certain transactions involving private wallets.
Why it matters:
• Stronger protection for self-custody
• Less regulatory pressure on private wallets
• Major signal for crypto privacy in the U.S.
• Treasury has also acknowledged legitimate uses for crypto privacy tools, including mixers
The regulatory tide around crypto privacy is shifting.
BULLISH FOR CRYPTO FREEDOM.
#crypto
