EconomyFinCEN drops crypto mixing reporting proposal after backlash
The U.S. Treasury’s Financial Crimes Enforcement Network is withdrawing its proposed reporting rule for crypto mixing and its 2023 finding that international mixing was a primary money-laundering concern. FinCEN cited fears that the broad definition could chill legitimate activity and create a heavy burden. Existing transmitter, recordkeeping and suspicious-activity reporting obligations remain.
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CryptoSlate★★★☆☆2026-10-06 18:20Original
FinCEN drops crypto mixing reporting proposal after backlash
Economy