FinCEN

News 2026 October 6, 12:01 (10 hours ago )

6h Crypto Recap: HongKong, FinCEN, TornadoCash, XRP, Ethereum

#HongKong lawmakers advanced a crypto licensing bill that sets an end-2026 deadline tied to a new regulatory framework. The move aims to formalize who can legally operate crypto services in the city. 🏛️

#FinCEN pulled back earlier proposals that targeted self-hosted wallets and certain crypto “mixing” activity. The shift signals a change in how U.S. financial-crime rules may be applied to wallet software and privacy tooling. ⚖️

#TornadoCash became a focal point again as U.S. prosecutors in SDNY continued pursuing a case connected to the mixer’s ecosystem. The reporting highlighted ongoing legal pressure around privacy tech and alleged money-laundering facilitation.