FinCEN Withdraws Proposed Crypto Mixer and Unhosted Wallet Rules

TLDR FinCEN has withdrawn two proposed crypto rules covering mixers and unhosted wallets. The unhosted wallet rule was first proposed in December 2020, and the mixer rule in October 2023. FinCEN said the mixer rule could have a “chilling effect on legitimate activity.” The agency said the move is part of the Trump administration’s deregulatory [...]

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