“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:
The Chilling Effects of License-Plate Location Tracking
Bono: “Capitalism takes more people out of poverty than aid”
Obama promised to close Guantánamo. Instead, he’s made it worse.
Dr. Kissinger on the 'New World Order' – Editorial or Policy Statement?
H.R. 193 would force farmers to pay a fee on saved seeds and register them
Fake Windows Painted on Qingdao Residential Complex Buildings
28 Detroit houses selling for $500 at county auction
Street Smarts with Jim Rogers
The Downturn in the Spot Gold Price
Autonomous Mowing: The Death of Lawn Maintenance Employment
UK hospital meltdown after ransomware worm uses NSA vuln to raid IT
The Filibuster in Two Minutes
Time to Prep
Oil Spikes Higher After Trump Threatens Allies With Sanctions For Buying Iranian Oil
The Fundamental Characteristic that Recommends Janet Yellen