US Treasury, Fed withdraw $250 crypto Travel Rule proposal. What does it mean?

US Treasury, Fed withdraw $250 crypto Travel Rule proposal. What does it mean?

The US Treasury Department’s Financial Crimes Enforcement Network and the Federal Reserve have withdrawn a proposal to lower the reporting and recordkeeping threshold for cross-border transfers from $3,000 to $250, leaving existing requirements unchanged. According to a joint withdrawal notice…

Continue reading on crypto.news →

This story was originally published by crypto.news.

More Regulation News