FinCEN: Digital Currency Payment Processors & Exchanges are Money Transmitters

By October 30, 2014 Bitcoin Entertainment
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FinCEN: Digital Currency Payment Processors & Exchanges are Money Transmitters


FinCEN: Digital Currency Payment Processors & Exchanges are Money Transmitters
FinCEN: Digital Currency Payment Processors & Exchanges are Money Transmitters

If there was any doubt about the fact as to whether or not FinCEN believes that digital currency payment processors in addition to exchange weren’t money transmitters, there’s now supreme clarity.

This week, the Financial Crimes Enforcement Network (FinCEN) released two administrative rules covering a number of topics related to bitcoin.

You can read them below:

FIN-2014-R012

Here’s the second one:

FIN-2014-R011

As expected, members of the community aren’t exactly thrilled about the news, but clarity when it comes to these matters are certainly important.

What do you make of it all?

This week, the Financial Crimes Enforcement Network (FinCEN) released two administrative rules covering a number of topics related to bitcoin.

You can read them below: FIN-2014-R012 Here’s the second one: FIN-2014-R011 As expected, members of […]

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