The $10,000 Private-Wallet Rule Is Dead After Six Years — What It Actually Changes for US Crypto Holders
Moving crypto to your own wallet could have meant giving a financial institution more than your identity: the abandoned federal proposal also sought counterparties’ names and physical addresses. That prospect hung over US self-custody for nearly six years. Its withdrawal now closes that proceeding. (Federal Register) FinCEN also withdrew a separate proposal targeting crypto mixing. Neither proposal ever became an effective final rule, so the immediate benefit is the removal of pending requirements rather than a change to yesterday’s transfer procedure. (Bitcoin.com) ...