coin-img-BTCBTC-0.31%coin-img-ETHETH-1.13%coin-img-SOLSOL+0.54%coin-img-XRPXRP-3.81%coin-img-USDCUSDC+0.01%coin-img-HYPEHYPE-0.14%coin-img-SUISUI+2.78%coin-img-GRAMTONGRAMTON-0.54%coin-img-BTCBTC-0.31%coin-img-ETHETH-1.13%coin-img-SOLSOL+0.54%coin-img-XRPXRP-3.81%coin-img-USDCUSDC+0.01%coin-img-HYPEHYPE-0.14%coin-img-SUISUI+2.78%coin-img-GRAMTONGRAMTON-0.54%coin-img-BTCBTC-0.31%coin-img-ETHETH-1.13%coin-img-SOLSOL+0.54%coin-img-XRPXRP-3.81%coin-img-USDCUSDC+0.01%coin-img-HYPEHYPE-0.14%coin-img-SUISUI+2.78%coin-img-GRAMTONGRAMTON-0.54%coin-img-BTCBTC-0.31%coin-img-ETHETH-1.13%coin-img-SOLSOL+0.54%coin-img-XRPXRP-3.81%coin-img-USDCUSDC+0.01%coin-img-HYPEHYPE-0.14%coin-img-SUISUI+2.78%coin-img-GRAMTONGRAMTON-0.54%

U.S. Treasury and Fed Withdraw Proposal to Lower Travel Rule Threshold to $250

The U.S. Treasury and Federal Reserve withdrew a proposal to lower the cross-border Travel Rule threshold from $3,000 to $250. The $3,000 threshold remains, including for crypto transfers under FinCEN guidance. The 2020 proposal applied to transfers starting or ending outside the U.S. and clarified that rules cover convertible virtual currency and legal tender digital assets, requiring institutions to collect, retain, and transmit transaction data.
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