2026-11-06 23:41:39
FinCEN and Federal Reserve Withdraw Proposal to Lower Cross-Border Transfer Threshold from $3,000 to $250
According to Foresight News, the U.S. Treasury's FinCEN and the Federal Reserve have withdrawn a proposal on convertible virtual currencies (CVCs) originally announced in October 2020. The proposal had sought to lower the cross-border transfer threshold from $3,000 to $250 and revise related record-