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WASHINGTON–The Financial Crimes Enforcement Network (FinCEN) has put forth a proposal involving new requirements for certain transactions involving convertible virtual currency (CVD) or digital assets with legal tender. The proposal would require financial institutions to submit reports, keep records and verify customer identifies under certain circumstances.

PARIS—The Bank of France has moved from conceptual and academic central bank digital currency experiments to trials in the field, CoinGeek reported.

WASHINGTON—The U.S. Securities and Exchange Commission (SEC) has filed an action against Ripple, the blockchain payments company associated with the cryptocurrency XRP, charging it with conducting a $1.3 billion unregistered securities offering.