U.S. Drops $250 Crypto Transfer Plan, Keeps Travel Rule

Key Takeaways FinCEN and Fed Board withdraw $250 threshold plan Nearly 3,000 comments, most opposing the cut $3,000 U.S. Travel Rule threshold stays EU crypto transfer data rules have no minimum The Financial Crimes Enforcement Network (FinCEN) announced the withdrawal on November 6, acting jointly with the Federal Reserve Board. The notice is scheduled for Federal Register publication on November 9, when the withdrawal takes effect. It is the latest dormant crypto proposal to be shelved, after the earlier withdrawal of wallet and mixer proposals .