The U.S. has withdrawn a proposal to lower the cross-border wire transfer rule threshold to $250, while European exchanges may still conduct compliance reviews for small-scale transfers. The Financial Crimes Enforcement Network (FinCEN) and the Federal Reserve have withdrawn a 2020 proposal that aimed to lower the threshold for cross-border payment recordkeeping and travel rule obligations from $3,000 to $250, allowing the existing $3,000 threshold to remain in place. Meanwhile, the European Union's Travel Rule for Crypto-Asset Service Providers (CASPs) does not provide a general exemption for small transfers, meaning recipient exchanges in Europe can still require the completion or verification of sender and recipient information based on risk assessments before assets are credited.