CryptoCoinDeskabout 1 hour ago
US Scraps Crypto Reporting Rule for Private Wallets
2 min read
FinCEN withdrew a 2020 proposal and a 2023 proposal regarding cryptocurrency reporting on Sunday. The 2020 rule would have required banks to report transfers over $10,000 to private wallets. The 2023 rule targeted crypto mixers. Both withdrawals support the Trump administration's deregulatory agenda.
Level
Hype check
Tap to vote and see what everyone thinks.
