Back to news
Regulation
US Treasury and Federal Reserve Withdraw 2020 Financial Surveillance Proposal
(2 hours ago) · 1 source · Summarized by CryptoBipto
The US Treasury Department and the Federal Reserve have withdrawn a financial surveillance proposal that originated in 2020. The proposal, which would have expanded reporting requirements for certain financial transactions, has been pulled before being finalized into regulation.
WHY IT MATTERS
When governments want to track how people move money, they create rules requiring banks and financial companies to report certain transactions.
Read the full analysis with a CryptoBipto membership
Members read why every story matters and the full analysis behind it.
SOURCES
- coincenter.org
RELATED
Financial SurveillanceUS TreasuryFederal ReservePrivacyRegulatory Policy