Regulation
Bullish
US Treasury withdraws proposed crypto wallet and mixer reporting rules
The US Treasury, via FinCEN, has withdrawn two proposed crypto surveillance rules.
- FinCEN withdrew two proposed crypto surveillance rules first published in 2020 and 2023.
- The 2023 mixer proposal targeted crypto mixing as a primary foreign money laundering concern.
- The withdrawals eliminate proposed expanded reporting duties for banks and money services businesses.
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