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reporting

U.S. scraps proposed $10,000 reporting rule for for crypto sent to private wallets

U.S. scraps proposed $10,000 reporting rule for for crypto sent to private wallets

2 hours ago by Crypto InsightsCrypto

The U.S. Treasury Department has scrapped a years-old proposal that would have forced banks and crypto businesses to collect and report more information when customers sent large amounts of crypto to wallets they controlled themselves. The Financial Crimes Enforcement Network, or FinCEN, withdrew the rule… Read More

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