US Treasury Moves to Scrap Proposed Crypto Wallet, Mixer Surveillance Rules
FinCEN, a bureau of the U.S. Treasury Department, is planning to kill two crypto surveillance proposals that spent years hanging over self-custody and privacy tools without ever becoming law. One would have required banks and money transmitters to collect information on certain self-hosted wallet transactions above $3,000 and report larger ones above $10,000. The other […]
Key Takeaways
- FinCEN, a bureau of the U.S.
- Treasury Department, is planning to kill two crypto surveillance proposals that spent years hanging over self-custody and privacy tools without ever becoming law.
- One would have required banks and money transmitters to collect information on certain self-hosted wallet transactions above $3,000 and report larger ones above $10,000.
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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