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Critical

Imposition of Special Measure Prohibiting the Transmittal of Funds Involving PM2BTC

Detected July 30, 2026 · in Crypto & DeFi Tax Reporting

FinCEN prohibits transmittal of funds involving PM2BTC under the Combating Russian Money Laundering Act. All U.S. financial institutions and money services businesses must block transactions with PM2BTC and report suspicious activity.

Aforeworn detected this change in the Crypto & DeFi Tax Reporting space on July 30, 2026 and published this briefing so affected operators are forewarned rather than caught off guard. It is rated Critical. All U.S. crypto exchanges, brokers, DeFi protocols, and money services businesses that handle fund transmittals. should confirm how it applies to their specific situation before acting. There is a time constraint attached: Immediately upon publication (October 11, 2024).. Acting after that point can mean penalties, a lapsed licence, or lost eligibility — exactly the kind of surprise Aforeworn exists to prevent. Aforeworn monitors Crypto & DeFi Tax Reporting continuously and turns every detected change into a plain-English briefing like this one, so you always know first. Forewarned is forearmed.

What changed

FinCEN issued a special measure prohibiting the transmittal of funds involving PM2BTC, effective immediately upon publication in the Federal Register.

Who it affects

All U.S. crypto exchanges, brokers, DeFi protocols, and money services businesses that handle fund transmittals.

What you must do

Identify and block any transactions involving PM2BTC; file suspicious activity reports (SARs) for any attempted transactions.

Deadline

Immediately upon publication (October 11, 2024).

Source: https://www.federalregister.gov/documents/2024/10/11/2024-23430/imposition-of-special-measure-prohibiting-the-transmittal-of-funds-involving-pm2btc

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