Topic Archive

#FinCEN

3 Stories Found

Coins•Oct 10, 2026

Hong Kong Warns Unlicensed Payment Platforms of Potential Enforcement Action

Key Highlights: The Hong Kong Monetary Authority (HKMA) will intervene directly against unlicensed stored value facility (SVF) operations, coordinating with law enforcement when necessary. Hong Kong officials clarified regulatory boundaries covering SVFs, remittance providers, and Buy Now, Pay Later (BNPL) schemes following reports of merchant payment defaults. Parallel enforcement updates emphasize that institutional stablecoin issuers ...

5 min readRead

Coins•Oct 6, 2026

US Scraps Proposed $10,000 Reporting Rule for Crypto Sent to Private Wallets

Key Highlights The U.S. Department of the Treasury and FinCEN have officially withdrawn a controversial December 2020 regulatory proposal targeting self-hosted cryptocurrency wallets. The agency also withdrew a separate proposal that sought stricter reporting and recordkeeping measures for crypto mixing transactions. The unhosted wallet rule, which was left pending for nearly six years, would have ...

4 min readRead

Coins•Sep 19, 2026

AI Gives Scammers ‘Superpowers’ Instead of Taking Their Jobs

Key Highlights AI is dramatically reducing the cost of running fraud operations, enabling small teams to conduct large-scale scams that previously required extensive human labor. Chainalysis data shows AI-linked scam operations generate 4.5 times more revenue ($3.2 million vs $719,000) than non-AI operations, though causality remains unclear. Human trafficking in scam compounds persists alongside AI ...

9 min readRead