泥伏雷闯关记
泥伏雷闯关记
从普通到不凡，资金永不眠。
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The U.S. Department of the Treasury's FinCEN has withdrawn a proposed 2020 rule targeting non-custodial crypto wallets.
This rule originally planned to require banks and MSBs to enhance identity verification, record-keeping, and reporting for certain crypto transactions involving non-custodial wallets: transactions over $10,000 could trigger reporting requirements, and those over $3,000 would involve record-keeping.
Now, FinCEN has clearly stated that this proposal will no longer move forward.
FinCEN's reason is straightforward — this is part of the Trump administration's push for digital asset regulation that is "fit-for-purpose."
Of course, Ni Fulei believes this does not mean the U.S. is abandoning AML/KYC, nor that "non-custodial wallets will be left unregulated from now on."
The real change is that U.S. regulators are beginning to reduce the blanket additional compliance burdens on self-custodial wallets, focusing regulatory efforts more on actual financial institutions, trading platforms, and high-risk money flows.
For the crypto industry, this signal is relatively positive.
After all, if regulations layer on more and more controls even for wallets where ordinary people control their own private keys, the ultimate restrictions might not only limit risks but also the core of digital assets: self-custody and on-chain freedom.
Of course, rule withdrawal ≠ risk disappearance. AML, sanctions, and suspicious transaction monitoring still remain.
