๐จ BIG WIN FOR CRYPTO PRIVACY?
๐บ๐ธ FinCEN has withdrawn two proposed rules targeting self-custody wallets and crypto mixers.
The proposals would have introduced tougher requirements around transactions involving unhosted wallets, including identity reporting for transfers above $10,000, while also increasing scrutiny on crypto mixing services.
Now, those rules are off the table. ๐ซ
The move aligns with the Trump administrationโs broader deregulation push and has been welcomed by the Crypto Council for Innovation, which says the decision avoids unnecessary restrictions on self-hosted wallets and recognizes legitimate uses of privacy-focused tools.
๐ Self-custody remains in the spotlight.
For the crypto industry, this could be another signal that the U.S. is shifting toward a more innovation-friendly regulatory approach.
Bullish for crypto freedom? ๐
NFA. DYOR.
๐บ๐ธ FinCEN has withdrawn two proposed rules targeting self-custody wallets and crypto mixers.
The proposals would have introduced tougher requirements around transactions involving unhosted wallets, including identity reporting for transfers above $10,000, while also increasing scrutiny on crypto mixing services.
Now, those rules are off the table. ๐ซ
The move aligns with the Trump administrationโs broader deregulation push and has been welcomed by the Crypto Council for Innovation, which says the decision avoids unnecessary restrictions on self-hosted wallets and recognizes legitimate uses of privacy-focused tools.
๐ Self-custody remains in the spotlight.
For the crypto industry, this could be another signal that the U.S. is shifting toward a more innovation-friendly regulatory approach.
Bullish for crypto freedom? ๐
NFA. DYOR.