“The federal agency charged with enforcing the nation’s laws against money laundering has issued new guidelines suggesting that several parties in the Bitcoin economy qualify as Money Services Businesses under US law. Money Services Businesses (MSBs) must register with the federal government, collect information about their customers, and take steps to combat money laundering by their customers. The new guidelines do not mention Bitcoin by name, but there’s little doubt which ‘de-centralized virtual currency’ the Financial Crimes Enforcement Network (FinCEN) had in mind when it drafted the new guidelines.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
US nuclear arsenal upgrade to exceed $1 trillion
USA Is #5 in World Economic Competition
How A Rookie Excel Error Led JPMorgan To Misreport Its Risk For Years
Cop Removes Body Cam Then Shoots, Kills Unarmed Dad as He Complies
SWAT Officers Dragged 10-Year-Old from Bathtub, Stood Him Naked Next to Sister, Terrorized Family
Finally, the End of Keynesianism
Sen. Rand Paul Filibustering John Brennan CIA Nomination Over Domestic Drones
Warrantless Window-Smashing Weapon Search At U.S. Border Patrol Internal Checkpoint
U.S., BIS refuse to answer questions about gold market interventions
How to Order a Pizza With Bitcoins
EU panel seeks power to fine, censor and fire journalists
Pope slams capitalism as 'new tyranny'
BionicOpter dragonfly drone flutters about, blows minds
3 Urgent Steps for the Ultimate Strategy in 2014!
CoinSeed Invests $5 Million in BitFury Bitcoin Mining Hardware