Michael
Mosier,
the
former
acting
director
of
FinCEN,
told
CoinDesk
the
withdrawal,
“shows
that
public
servants
see
value
in
first
collaboratively
engaging
risk/opportunity
through
innovation
and
empowerment
around
the
financial
equivalent
of
mobile
phones,
rather
than
rushing
to
limit
people
to
landlines,
switchboard
operators,
mailed
checks,
and
everyone’s
home
address
in
a
public
phone
book
to
keep
them
‘safe.’
Another
proposal
from
FinCEN
–
also
from
the
tail
end
of
2020
–
remains
alive.
This
proposal
would
implement
the
Travel
Rule,
a
Financial
Action
Task
Force
regime
that
looks
to
take
on
money
laundering
via
crypto
by
having
financial
institutions
report
personal
information
for
the
senders
and
receivers
of
transactions
over
a
certain
limit.