Macroeconomics & Economic Policy
Tag: withdraw
Federal Regulators Withdraw Plans to Expand Crypto Transaction Reporting and Lower Thresholds
Federal regulators have officially withdrawn controversial proposals that would have significantly expanded reporting and recordkeeping requirements for cryptocurrency transactions and international funds transfers, bringing a multi-year regulatory debate to a close. The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) and the Federal Reserve Board of Governors announced Friday that they were rescinding the proposed "Travel…
