“In the US, the virtual currency is subject to money transmitter laws at the federal level and in 47 states. The rules are not always clear, however, because they are written for money transmission services, not virtual currencies. The regulations are also in flux. New York is considering a special ‘BitLicense‘ for virtual currency firms, for example. As a result, many Bitcoin companies have not registered at either the state or federal level. Only 35 Bitcoin companies have registered with FinCEN, the bureau of the US Treasury Department that has taken the lead on Bitcoin regulation, and the agency has reached out to several dozen more that it believes need to register.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Volcker Travelled as Chase Bank Official to Kuwait; Was Viewed as Federal Reserve Official
One family’s TWO YEAR nightmare of having their child taken by the state
Tesla Outsold Buick, Fiat, Land Rover, Lincoln, and Mitsubishi in Q1 and Q2
The co-conspirators in military mass shootings
Students DESTROY NSA Recruiters Over Illegal Spying and Lies
Flagger - 'It's time to make some noise.'
The Mini-Skirt Deception: Trump and McMaster's Afghan ‘Surge’
USDA Tells Missouri Magician to Write Disaster Plan for His Rabbit
US Ally Turkey Attacks US-Backed Forces In Syria
Arizona cop arrested for pointing gun at store clerk while drunk
Sequestration Math
Market Volatility Makes a Comeback
Drivers would rather buy a self-driving car from Google than Ford
Why South Africa's Currency Has Been Getting Destroyed
Obomber: US may be forced to “wipe out” Syrian air defenses