U.S. Treasury withdraws proposed rules on self-hosted wallets, crypto mixing

The U.S. Treasury has withdrawn earlier regulatory proposals on self-hosted wallet transactions and crypto mixing, Zoomer News reported. The withdrawn measures included a so-called Travel Rule proposal tied to self-hosted wallets and a separate proposal targeting cryptocurrency mixing transactions. The self-hosted wallet proposal had called for financial institutions to collect, record and report additional identity information for certain virtual asset transactions.

Source: Coinness