Crypto monitoring rule will wait until new administration By Cointelegraph


Treasury backs down: Crypto monitoring rule will wait until new administration

In response to a deluge of comments, the United States Treasury Department’s Anti-Money Laundering office is slowing its roll on a rushed proposal to monitor a whole new range of cryptocurrency transactions.

On Thursday, the Treasury’s Financial Crimes Enforcement Network, or FinCEN, announced that it was extending the window on comments in response to a rule originally announced two days before Christmas and less than a month before a new administration takes over.

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