Feds Pull Proposals for Reporting Crypto Transactions
PYMNTS | ·
Federal regulators have withdrawn plans that would have expanded reporting requirements around cryptocurrency transactions.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 collect information on transactions of […] The post Feds Pull Proposals for Reporting Crypto Transactions appeared first on PYMNTS.com .