RIN 1506-AB47, Requirements for Certain Transactions Involving CVC or Digital Assets

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Research, not advice. Part of the Bitcoin research archive (October 2026). Claims labelled unverified, contested or fringe are reported, not endorsed; statuses of bills and rules are as of the date checked. Government, court and patent records are public domain; the research notes are CC BY 4.0.

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            TREAS/FINCEN

            RIN: 1506-AB47

            Publication ID: Fall 2023 

            Title: Requirements for Certain Transactions Involving Convertible Virtual Currency or Digital Assets 

            Abstract:

FinCEN is amending the regulations implementing the Bank Secrecy Act (BSA) to require 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 ("legal tender digital assets" or "LTDA") held in unhosted wallets, or held in wallets hosted in a jurisdiction identified by FinCEN.

 

            Agency: Department of the Treasury(TREAS) 

            Priority: Other Significant 

            	RIN Status:
            	Previously published in the Unified Agenda

            Agenda Stage of Rulemaking:
            Long-Term Actions 

            Major:
            No 

            Unfunded Mandates:
            No 

            CFR Citation:

		            31 CFR 1010

		              

		             31 CFR 1020

		              

		             31 CFR 1022

		              

            Legal Authority:

            12 U.S.C. 1829b

        	  

             12 U.S.C. 1951 to 1960

        	  

             31 U.S.C. 5311 to 5314

        	  

             31 U.S.C. 5316 to 5336

        	  

   		Legal Deadline:

	 None

    Timetable:

           Action
           Date
           FR Cite

                  NPRM 
                  12/23/2020 

		            		85 FR 83840

		            	  

                  NPRM Comment Period End 
                  01/04/2021 

                  Final Action 
                  To Be Determined 

            Regulatory Flexibility Analysis Required:
            Yes 

            Government Levels Affected:
            None 

            Small Entities Affected:
            Businesses 

            Federalism:
            No 

        	Included in the Regulatory Plan:
        	No 

            International Impacts:
            This regulatory action will be likely to have international trade and investment effects, or otherwise be of international interest.

        	RIN Data Printed in the FR:
        	Yes 

            Agency Contact:

                FinCEN Regulatory Support Section

 Department of the Treasury

 Financial Crimes Enforcement Network

 P.O. Box 39,

 Vienna, VA 22183

 Phone:800 767-2825

 Email: [email protected]

             

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