CryptoPotato·
FinCEN Withdraws Rules Targeting Crypto Wallets and Mixers
Under the 2020 wallet proposal, transfers above $3,000 tied to a self-hosted wallet would have meant record-keeping and ID checks at banks.
Also covered by 11 outlets
- Crypto Briefing ↗US Treasury withdraws proposed crypto surveillance rules on unhosted wallets and mixing
- Crypto Briefing ↗US Treasury withdraws proposed crypto rules on unhosted wallets, mixers
- Unchained ↗FinCEN Withdraws Proposed Crypto Mixer and Unhosted Wallet Reporting Rules
- The Defiant ↗Treasury Drops Crypto Wallet Surveillance Rules
- Bitcoin.com News ↗US Treasury Moves to Scrap Proposed Crypto Wallet, Mixer Surveillance Rules
- BeInCrypto ↗US Treasury Hands Big Win to Crypto Privacy
- The Block ↗Treasury withdraws crypto mixing rule, citing concerns over ‘chilling effect on legitimate activity’
- Decrypt ↗Treasury Kills Crypto 'Unhosted Wallet' and Mixer Surveillance Rules
- Cointelegraph ↗FinCEN withdraws proposed crypto mixing rule over ‘legitimate activity’ concerns
- CoinDesk ↗U.S. scraps proposed $10,000 reporting rule for for crypto sent to private wallets
- Forkast ↗The Enforcement Layer Just Vanished From the US Crypto Regulatory Stack
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