Treasury to Wrap Crypto Anti-Money Laundering Rules by Fall

The Treasury Department’s financial crime watchdog intends to finish rules requiring anti-money laundering reporting for cryptocurrencies by the fall.

Final rules for banks and money service businesses such as crypto exchanges to collect, retain, and report customers’ domestic and international Bitcoin and other crypto transactions will be completed by September, according to a regulatory agenda released Friday.

Treasury’s Financial Crimes Enforcement Network proposed the rules jointly with the Federal Reserve during the final days of the Trump administration. The rules would clarify that the definition of “money” under the Bank Secrecy Act applies to virtual currencies that can convert into ...