Opportunity
Federal Register #2026-20430
FinCEN rule withdrawals and proposed Coast Guard safety zone for Red Bull Flugtag
Buyer
Treasury - Financial Crime Enforcement Network - General Operations
Posted
October 06, 2026
Identifier
2026-20430
This notice combines FinCEN rule withdrawals with a proposed Coast Guard safety zone for the Red Bull Flugtag event in Miami. - Government agencies: Department of the Treasury, Financial Crimes Enforcement Network (FinCEN); Department of Homeland Security, U.S. Coast Guard, Sector Miami. - FinCEN actions: FinCEN is withdrawing proposed reporting and recordkeeping requirements for banks and money services businesses involving certain convertible virtual currency or digital-asset transactions. The proposals covered transactions involving unhosted wallets or wallets hosted in jurisdictions identified by FinCEN, and would have included customer identity verification. FinCEN will take no further action on the proposals. - Coast Guard proposal: Establish a temporary safety zone on Biscayne Bay in Miami for the Red Bull Flugtag event. The zone would cover navigable waters within 200 feet of the event stage; vessel and personnel entry would require authorization from the Captain of the Port, Sector Miami, or a designee. - Products and quantities: No products, purchase quantities, or part numbers are identified. This is a regulatory notice, not a conventional goods or services solicitation. - Named commercial organization: Red Bull, associated with the Flugtag event; no product manufacturer or procurement vendor is specified.
Description
FinCEN is withdrawing a notice of proposed rulemaking that would have required banks and money service businesses to report, retain records, and verify customer identities for certain transactions involving convertible virtual currency or digital assets with legal tender status. The proposed requirements covered transactions involving unhosted wallets or wallets hosted in jurisdictions identified by FinCEN. The withdrawn proposal included reporting requirements for transactions over $10,000 and recordkeeping requirements for transactions over $3,000. FinCEN states it will take no further action on this NPRM.