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Treasury withdraws crypto mixing rule, citing concerns over ‘chilling effect on legitimate activity’

The Block
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Treasury withdraws crypto mixing rule, citing concerns over ‘chilling effect on legitimate activity’

FinCEN is withdrawing a proposal that would've designated crypto mixing a "primary money laundering concern" under the PATRIOT Act.

Key Takeaways

  1. FinCEN is withdrawing a proposal that would've designated crypto mixing a "primary money laundering concern" under the PATRIOT Act.
  2. Read the full article for additional context and details.
  3. Read the full article for additional context and details.
Read Full Article on The Block

Summary generated by IndiCrypto from The Block. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.