The Financial Crimes Enforcement Network (FinCEN) is withdrawing a notice of proposed rulemaking that would have amended the Recordkeeping and Travel Rule regarding convertible virtual currencies. It also would have lowered the threshold for funds transfers and transmittals of funds that begin or end outside the United States. This proposal
IR-2026-134, Nov. 6, 2026 — The IRS today announced that authorized tax professionals can now make certain payments on behalf of their business clients through Tax Pro Account.
Today, as part of Operation Economic Outcast, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an order effectively cutting off MEXC Global’s access to the U.S. financial system. MEXC Global is a convertible virtual currency exchanger that has facilitated at least $16 billion in illicit transactions