FinCEN Issues Administrative Ruling on Virtual Currency Payment System Titled ‘Request for Administrative Ruling on the Application of FinCEN’s Regulations to a Virtual Currency Payment System,’ the ruling is exhaustive guideline from FinCEN. Answering to the questions from the select few, the organization says that the possible status as a money services business (“MSB”) under the Bank Secrecy Act (“BSA”).
Answering to the question whether the convertible virtual currency payment system the Company intends to […]
