🚨🇺🇸 U.S. Withdraws Proposal to Strengthen Regulations on International Transfers Including Cryptocurrencies! This may be good news for the cryptocurrency industry. FinCEN, under the U.S. Department of the Treasury, has officially withdrawn its 2020 proposal to strengthen regulations on international money transfers. ⬛️ Previous threshold: $3,000 (approx. ¥470,000) ⬛️ Proposed change: Lowered to $250 (approx. ¥40,000) ➡️ Now: The proposed change has been withdrawn—maintaining the original threshold. This means the plan to impose strict reporting requirements on even small international transfers has been dropped. The withdrawal follows the maturation of the cryptocurrency market and evolving regulatory conditions. 🌍 When it comes to international transfers, Ripple and XRP come to mind. While this decision does not directly lead to increased adoption of XRP, the avoidance of excessive regulatory tightening represents a positive development for the industry as a whole. The U.S. cryptocurrency policy may be shifting from regulatory tightening to a phase of reassessment. 🦊
XRPの下僕Share
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.