Saw “FinCEN and the Federal Reserve withdraw the $250 crypto transfer proposal” at #4 on Plaza’s trending list. A lot of people took it to mean looser regulation.
The joint proposal from October 2020 sought to lower the recordkeeping and Travel Rule threshold for cross-border transfers from $3,000 to $250, and to include convertible virtual currency in the definition of “money.” On November 6, FinCEN and the Federal Reserve formally withdrew it—the old draft had been sitting around for six years, and the industry had changed a lot. Any changes in the future will require a new round of public comment. The current threshold remains $3,000.
It’s scheduled for publication in the Federal Register on November 9. $BTC is currently around 76040, basically flat over the past 24 hours—the topic is heating up, but the price isn’t putting on a show.
Just keep an eye out for the next new draft; this time, it’s only the old proposal being cleared away.
#加密监管 $BTC
The joint proposal from October 2020 sought to lower the recordkeeping and Travel Rule threshold for cross-border transfers from $3,000 to $250, and to include convertible virtual currency in the definition of “money.” On November 6, FinCEN and the Federal Reserve formally withdrew it—the old draft had been sitting around for six years, and the industry had changed a lot. Any changes in the future will require a new round of public comment. The current threshold remains $3,000.
It’s scheduled for publication in the Federal Register on November 9. $BTC is currently around 76040, basically flat over the past 24 hours—the topic is heating up, but the price isn’t putting on a show.
Just keep an eye out for the next new draft; this time, it’s only the old proposal being cleared away.
#加密监管 $BTC
