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

**Action Urgency Score:** 45/100

| Field | Value |
|---|---|
| Agency | Treasury Department; Financial Crimes Enforcement Network |
| Type | Proposed rule |
| Action | Proposed rule; withdrawal. |
| Published | 2026-10-06 |
| Significant | Yes (EO 12866) |
| CFR parts | 31 CFR 1010, 31 CFR 1020, 31 CFR 1022 |
| Summary | 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. |
| Document number | 2026-20430 |

## Why this score
- Significant rule under EO 12866.

Source: Federal Register API (Office of the Federal Register) (https://www.federalregister.gov/documents/2026/10/06/2026-20430/requirements-for-certain-transactions-involving-convertible-virtual-currency-or-digital-assets). Last refreshed: 2026-11-06T15:50:52.451Z.
Data from the Federal Register API; the published Federal Register document is authoritative. Informational only, not legal advice.