Crypto Impacted by Treasury Surveillance Expansion

Treasury Increases Surveillance on Cash Transactions Near U.S. Southwest Border

• The Treasury Department issued an order to monitor cash transactions over $200 in specific areas.
• The new rule affects businesses in 30 zip codes across California and Texas.
• Previously, the reporting threshold was $10,000.
• This measure targets money services businesses like Western Union.
• Over one million people could be impacted by this directive.

The Treasury Department’s recent order mandates increased surveillance on cash transactions exceeding $200 in select regions along the U.S. southwest border, impacting over one million residents and targeting money services businesses to combat criminal financial activities.