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FinCEN withdraws 2020 travel rule proposal, citing shifts in crypto industry

NewsFeeds update

FinCEN has withdrawn a 2020 proposal tied to the travel rule that would have required financial institutions and crypto firms to collect identifying information on people involved in certain transfers. The agency said the convertible virtual currency industry has changed significantly since the proposal.

RegulationOdailyAIBullish

Read the original on Odaily

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Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Not investment advice.