FinCEN Withdraws Proposed Wallet and Mixing Rules as Bitcoin Falls
Photo: TokenPost
Bitcoin (BTC) ended the week lower as U.S. spot Bitcoin ETFs recorded $729 million in combined net outflows over two sessions, while the Financial Crimes Enforcement Network withdrew proposed rules covering transactions involving unhosted wallets and cryptocurrency mixing. Bitcoin closed at $82,546.32 on Friday, Oct. 9, down from $84,497.21 on Friday, Oct. 2. The ETF figures measure reported net creations and redemptions and do not establish what caused Bitcoin’s decline. U.S. spot Bitcoin ETFs posted $484.9 million in net outflows Wednesday, Oct. 7, followed by another $244.1 million Thursday, Oct. 8.
Source: TokenPost
