U.S. Withdraws Proposed Cryptocurrency Transaction Rules
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AI-assisted source synthesis · not an independent investigation.
According to a November 9, 2026, report by PYMNTS, the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) and the Federal Reserve Board withdrew two proposed rules on November 6: the Travel Rule and Recordkeeping Rule related to cryptocurrency transactions. The Recordkeeping Rule had originally planned to lower the threshold for the amount requiring information collection in cross-border funds transfers from $3,000 to $250. The withdrawal means that the aforementioned proposals will no longer proceed as originally planned; the report did not specify the reasons for the withdrawal, nor did it provide any subsequent alternative plans or a new effective date.
AI-written from reports · updated 13 hours ago
Timeline
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- PYMNTSUS federal regulators withdraw proposals for the Travel Rule and Recordkeeping Rule
The US Treasury Department’s FinCEN and the Federal Reserve Board of Governors withdrew the proposed Travel Rule and Recordkeeping Rule on November 6. The latter had planned to lower the threshold for cross-border funds transfers requiring information collection from $3,000 to $250.
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