FinCEN Extends Comment Period on Digital Asset Transactions in Small Win for Crypto Industry January 26, 2021 @ 8:00 pm By JD Alois FinCEN has submitted for publication in the Federal Register an Extension Notice, which will extend the comment period on its Notice of Proposed Rulemaking (NPRM) regarding certain transactions involving virtual currency or digital assets. FinCEN, part of the US Department of Treasury, came under criticism when it appeared to rush through the NPRM in the midst of the holidays and during the transition to the Biden administration. The extension will lengthen the reopened comment period and set one deadline for all comments addressing its NPRM regarding “digital assets with legal tender status” (LTDA) or involving “convertible virtual currency” (CVC).