FinCEN announced the withdrawal of two proposed digital asset rules. One would have imposed recordkeeping, identity verification and reporting requirements on certain transactions involving convertible virtual currencies (CVCs) and unhosted wallets; the other would have designated convertible virtual currency mixing as a class of transactions of primary money laundering concern and imposed a special measure. FinCEN said it withdrew the proposals after considering public comments, as part of the Trump administration’s deregulatory agenda and efforts to make digital asset regulations fit for purpose. https://www.fincen.gov/news/news-releases/fincen-announces-withdrawals-proposed-digital-asset-related-rules