US Treasury and Fed Abandon Plan to Track Smaller Bitcoin, Crypto Transfers
The U.S. Treasury Department and the Federal Reserve are withdrawing a proposal to expand information collection for international crypto transfers as small as $250. The decision preserves the existing $3,000 threshold as officials reassess rules proposed in 2020. Treasury and Fed Drop Proposed $250 Transfer Threshold The U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) […]
Key Takeaways
- Treasury Department and the Federal Reserve are withdrawing a proposal to expand information collection for international crypto transfers as small as $250.
- The decision preserves the existing $3,000 threshold as officials reassess rules proposed in 2020.
- Treasury and Fed Drop Proposed $250 Transfer Threshold The U.S.
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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