
“The US Financial Crimes Enforcement Network (FinCEN) has issued new rulings indicating that digital currency-related cloud mining and escrow services should not be considered money transmitters. The two releases came via what appear to be responses to requests from businesses seeking to better understand FinCEN’s policies. FinCEN, the bureau of the US treasury that collects and analyzes financial transactions, has previously released influential decisions regarding how consumer bitcoin miners and bitcoin investors should be regulated under money transmission laws.”
Related posts:
Bitcoin Declared 'Lawful Money’ in California Assembly
We Haven’t Seen This Big Red Flag since the Great Recession
This is a gift. Keep it closed.
Honesty is Not a Job Requirement for Police Officers
Austria Repatriates 110 Tons Of Gold From Bank of England
At Guantánamo, a Death Penalty Case Without a Death Penalty Lawyer
Escape From Political Control
Corruption Is Legal In America
PayPal Takes Potshot at Apple Pay, Mentioning iCloud Breach in New Ad
Get Ready for Endless Bogus Terror Alerts
DEA Agent Joins Marijuana Industry
Beta Is Boss
David Galland: Lessons from Economic Crises in Argentina
New Bill Would Outlaw Warrantless Border Phone Searches Of U.S. Citizens
War is Peace: The Second Obama Term