By PAUL O’DONOGHUE, Senior Correspondent

THE U.S. has withdrawn two proposed rules which would have restrictions on transactions involving self-custody wallets and crypto mixers.

FinCEN, the U.S. Treasury’s AML unit, said it was scapping the proposals “part of the Trump Administration’s deregulatory agenda”.

The measures were:

• A proposal that would have imposed recordkeeping, verification, and reporting requirements on certain transactions involving convertible virtual currencies involving unhosted wallets.
• A proposal that would have imposed a special measure with regards to convertible virtual currency mixers

Previously, US officials announced the measures due to concerns over the role of…