FinCEN

Recent developments in US cryptocurrency regulation include FinCEN's proposal to label crypto mixer transactions as primary money laundering concerns, CFTC's initiatives to regulate digital asset markets and tackle fraud, and the Federal Reserve's research on tokenization and its financial impacts.

The U.S. Department of the Treasury's FinCEN has proposed new regulations to increase transparency in Convertible Virtual Currency (CVC) mixing services to prevent misuse by terrorist and criminal groups. This is a significant move to curb money laundering risks associated with crypto mixers.

On August 4, 2025, FinCEN warned financial institutions about an increase in illicit activities, urging enhanced vigilance. Learn how Bitlet.app supports secure crypto investments with flexible payment options.