Feds Pull Proposals for Reporting Crypto Transactions
Federal regulators have withdrawn plans that would have expanded reporting requirements around cryptocurrency transactions. The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) and Federal Reserve Board of Governors announced Friday (Nov. 6) that they were rescinding the proposed “Travel Rule,” and “Recordkeeping Rule,” which would have required financial institutions to…
We haven't written up this one. PYMNTS has the full story — the link below goes straight to it.