FinCEN and the Federal Reserve announced the withdrawal of a 2020 proposal covering certain cross-border transfers. It would have lowered the data collection threshold from $3,000 to $250 and expanded the rules to virtual currencies. This is separate from the earlier proposal on unhosted wallets; the notice is scheduled for publication on November 9, and the current rules remain in effect. What do you think? 🧾🇺🇸🔍 #Crypto #Regulation
Most traded on Binance at the time of observation (10:04 Istanbul): $USDC , $BTC , and $ETH , according to Binance Spot data over 24 hours; general monitoring, with no causal link to the news.