RIN 1506-AB41, travel-rule threshold

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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-AB41

            Publication ID: Spring 2025 

            Title: Clarification of the Requirement to Collect, Retain, and Transmit Information on Transactions Involving Convertible Virtual Currencies and Digital Assets With Legal Tender Status 

            Abstract:

The Board of Governors of the Federal Reserve System and FinCEN (collectively, the "Agencies") intend to issue a revised proposal to clarify the meaning of "money" as used in the rules implementing the Bank Secrecy Act requiring financial institutions to collect, retain, and transmit information on certain funds transfers and transmittals of funds. The Agencies intend that the revised proposal will ensure that the rules apply to domestic and cross-border transactions involving convertible virtual currency, which is a medium of exchange (such as cryptocurrency) that either has an equivalent value as currency, or acts as a substitute for currency, but lacks legal tender status. The Agencies further intend that the revised proposal will clarify that these rules apply to domestic and cross-border transactions involving digital assets that have legal tender status.

 

            Agency: Department of the Treasury(TREAS) 

            Priority: Other Significant 

            	RIN Status:
            	Previously published in the Unified Agenda

            Agenda Stage of Rulemaking:
            Completed Actions 

            Major:
            No 

            Unfunded Mandates:
            No 

		EO 14192 Designation:
		Not subject to, not significant 

            CFR Citation:

		            31 CFR 1010.410(e)

		              

		             31 CFR 1010.410(f)

		              

		             31 CFR 1020.410

		              

            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 
                  10/27/2020 

		            		85 FR 68005

		            	  

                  NPRM Comment Period End 
                  11/27/2020 

                  Withdrawn 
                  04/16/2025 

            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 

            Related RINs:
            Related to 1506-AB48 

            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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