The Financial Crimes Enforcement Network (FinCEN) has announced the withdrawal of proposed rules that would have imposed regulatory requirements on financial institutions related to certain digital assets, specifically convertible virtual currencies. The proposed rules would have imposed (a) recordkeeping, verification, and reporting requirements on certain transactions involving convertible virtual currencies involving unhosted wallets; and (b) a special measure with regards to convertible virtual currency mixers.
For mor details on the withdrawn proposals:
