FinCEN Kills Proposed Crypto Rules After Commenters Warn of Chilling Effect
By PYMNTS
Source excerpt · PYMNTS
The Financial Crimes Enforcement Network (FinCEN) has withdrawn two rules proposed years ago that would have imposed certain regulatory requirements on financial institutions’ handling of convertible digital assets. FinCEN said in a Monday (Oct. 5) press release that it withdrew the proposals after considering public comments on them and as part of the Trump administration’s […] The post FinCEN Ki…