Data / Federal rules / 2026-20430

Requirements for Certain Transactions Involving Convertible Virtual Currency or Digital Assets; Withdrawal

The Financial Crimes Enforcement Network published this proposed rule in the Federal Register on October 6, 2026.

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What the agency says

FinCEN is withdrawing a notice of proposed rulemaking (NPRM) that proposed requiring banks and money service businesses (MSBs) to submit reports, keep records, and verify the identity of customers in relation to transactions involving convertible virtual currency (CVC) or digital assets with legal tender status (LTDA) held in unhosted wallets or in wallets hosted in a jurisdiction identified by FinCEN. FinCEN will not take any further action on this NPRM.

Key facts

Document number: 2026-20430
Type: Proposed rule
Action: Proposed rule; withdrawal
Agency: Treasury Department; Financial Crimes Enforcement Network
Published: October 6, 2026
Dates: FinCEN is withdrawing the proposed rule published at 85 FR 83840 (December 23, 2020), as of October 6, 2026.
Regulation ID (RIN): 1506-AB47
Code of Federal Regulations: 31 CFR 1010; 31 CFR 1020; 31 CFR 1022
Significant: Yes, under Executive Order 12866
Pages: 2

The document on federalregister.gov PDF

Other documents from the Financial Crimes Enforcement Network

Document	Type	Published
Proposal of Special Measure Regarding Convertible Virtual Currency Mixing, as a Class of Transactions of Primary Money Laundering Concern; Withdrawal 2026-20429 · significant	Proposed rule	Oct 6
Proposal of Special Measure Prohibiting the Transmittal of Funds Regarding Transactions Involving the A7 Network's Sub-Agents 2026-20371	Proposed rule	Oct 5
Geographic Targeting Order Imposing Recordkeeping and Reporting Requirements on Certain Money Services Businesses Along the Southwest Border 2026-18194	Final rule	Sep 4
Proposal of Special Measure Regarding Banque Misr UAE as a Financial Institution Operating Outside of the United States of Primary Money Laundering Concern 2026-17871	Proposed rule	Sep 1
Beneficial Ownership Information Reporting Requirement Revision 2026-16576 · significant	Final rule	Aug 14
Geographic Targeting Order Imposing Recordkeeping and Reporting Requirements on Certain Financial Institutions in Minnesota 2026-16365	Final rule	Aug 11
Proposed Amendment to the Definition of Huione Group, a Financial Institution Operating Outside the United States of Primary Money Laundering Concern; Extension of Comment Period 2026-15030	Proposed rule	Jul 24
Definition of Huione Group, a Financial Institution Operating Outside the United States of Primary Money Laundering Concern 2026-12794	Proposed rule	Jun 25

Everything from the Financial Crimes Enforcement Network · Published in October 2026

Read from the Federal Register API, last updated 2026-10-23. The document on federalregister.gov is the official record; dates and dockets can change through later corrections. Free to reuse with credit to SpecStream under CC BY 4.0.