CryptoThe Blockabout 1 hour ago
US Treasury rescinds crypto travel rule
2 min read
On Friday, the US Treasury's Financial Crimes Enforcement Network and the Federal Reserve Board of Governors rescinded the Travel Rule. This proposal, first introduced in 2020, would have required financial institutions to collect information on cryptocurrency transactions worth $250 or more, lowering the previous $3,000 threshold. Regulators cited the rule's age and industry changes as reasons for the withdrawal.
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