Regulation1 source
Treasury and Fed Withdraw Plan for $250 Cross-Border Travel Rule Threshold
Headline from The Defiant
Key points
- United States financial regulators have decided against lowering the reporting requirement for international transfers.
- The Department of the Treasury and the Federal Reserve cancelled their proposal to reduce the cross-border Travel Rule threshold to $250.
- Consequently, the minimum reporting amount stays at $3,000 for qualifying transactions, which includes crypto transfers under current FinCEN rules.
Summarized automatically by Kryptokite from reporting by The Defiant. Read the original sources for full detail.
Sources
- The DefiantTreasury and Fed Withdraw Plan for $250 Cross-Border Travel Rule Threshold · 3 hours agoRead on The Defiant
Story timeline
- Cointelegraph1 min read
Nigeria sets new crypto licensing rules, bans algorithmic stablecoins
- Crypto Briefing1 min read
Elizabeth Warren poised to lead Senate Banking Committee and target Wall Street, crypto
- Unchained1 min read
Nigeria’s Central Bank Now Requires Offshore Stablecoin Issuers to License Locally
- U.Today1 min read
Solana's Skyline Crypto Ad Triggers Central Bank Investigation in China
- Crypto Briefing1 min read
Schellman flags critical gaps in White House AI oversight accord
Share
Kryptokite links to the original reporting and never republishes full articles. Summaries are written automatically and may contain mistakes; nothing here is financial advice.