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Bitcoin & Crypto DEVELOPING

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

Digital coins with a stock market financial chart in the background, representing cryptocurrency trading.
Illustrative photo.Photo by Rafael Minguet Delgado on Pexels

What happened

FinCEN withdrew two proposals that had hung over self-custody (holding customers’ assets on their behalf) and crypto mixers for years without ever taking effect.

Sources & evidence