US Scraps Proposed $10,000 Reporting Rule for Crypto Sent to Private Wallets
Key Highlights The U.S. Department of the Treasury and FinCEN have officially withdrawn a controversial December 2020 regulatory proposal targeting self-hosted cryptocurrency wallets. The agency also withdrew a separate proposal that sought stricter reporting and recordkeeping measures for crypto mixing transactions. The unhosted wallet rule, which was left pending for nearly six years, would have ...