⚖️ U.S. AGENCIES WITHDRAW PROPOSED $250 TRANSFER RULE
FinCEN and the Federal Reserve have withdrawn a proposal that would have lowered certain cross-border transfer recordkeeping and information-sharing thresholds from $3,000 to $250.
The withdrawal is scheduled to take effect on November 9.
Existing requirements remain in place.
This development matters for financial institutions handling international transfers, including those connected to the wider digital-asset ecosystem.
Regulatory clarity can influence how crypto businesses operate.
#FinCEN #CryptoRegulation #Finance #blockchain $FINV.US
FinCEN and the Federal Reserve have withdrawn a proposal that would have lowered certain cross-border transfer recordkeeping and information-sharing thresholds from $3,000 to $250.
The withdrawal is scheduled to take effect on November 9.
Existing requirements remain in place.
This development matters for financial institutions handling international transfers, including those connected to the wider digital-asset ecosystem.
Regulatory clarity can influence how crypto businesses operate.
#FinCEN #CryptoRegulation #Finance #blockchain $FINV.US