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Home›Crypto›Regulation›Treasury withdraws crypto mixing rule under the PATRIO…

Treasury withdraws crypto mixing rule under the PATRIOT Act

Reported · Written up by our desk · Regulation

FinCEN is withdrawing a proposal that would have designated crypto mixing a primary money laundering concern under the PATRIOT Act, according to The Block.

The outlet reports the Treasury cited concerns that the approach could have a chilling effect on legitimate activity.

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Sources

The BlockTreasury withdraws crypto mixing rule, citing concerns over ‘chilling effect on legitimate activity’

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