CROWDFUNDINSIDER · 2026-11-09 16:57 UTC

FinCEN, US Federal Reserve, Withdraws Crypto Travel Rule Proposal

FinCEN and the US Federal Reserve have withdrawn a proposed change to the crypto travel rule that would have cut the transfer threshold from $3,000 to $250 for transfers beginning or ending outside the US. The joint proposal, published October 27, 2020, drew nearly 3,000 comments, many arguing that suspicious activity reports already flagged illicit transactions and that the rule was invasive. The agencies said there would be no further action on the rule, and the $3,000 threshold remains in place.

Loading the story on Tree News…