Treasury backs down: crypto monitoring rule will wait until new administration
In response to a flood of comments, the US Department of the Treasury’s Anti-Money Laundering office is slowing down its role in a hasty proposal to monitor an entirely new range of cryptocurrency transactions. On Thursday, the Treasury Financial Crimes Enforcement Network, or FinCEN, announced it was expanding the comment window in response to a rule originally announced two days before Christmas and less than a month before a new administration takes over. Continue reading on Coin Telegraph
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