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On November 6, FinCEN (the US Treasury's financial crimes unit) banned American banks from making any transfers to or from the MEXC Global crypto exchange. The exchange was named a "primary source of money laundering threat," with claims totaling $16 billion in transactions over five years.
FinCEN (the financial intelligence service under the US Treasury) and the Federal Reserve Board of Governors officially withdrew on November 6 the draft of the so-called Travel Rule - a norm that would have required collecting sender data for any crypto transfer from $250. The draft had been in limbo for more than five years.
On October 16, the U.S. Treasury publicly stated that Japan is no longer living in deflation, which means the yen exchange rate must reflect this. This is a repeated call for Tokyo to strengthen the JPY against the USD.
WTI reversed downward from $91.40 on the evening of October 9 and declined to around $89.95 after the announcement of supplies of Russian diesel to the US market and other countries. At the same time, the US Treasury issued General License 135, permitting transactions with Russian diesel fuel until April 7, 2027.
