“FinCEN indicated that financial services companies can now work with marijuana-related businesses in states where the drug has been legalized for medical or recreational purposes. This is provided it is ‘in a manner consistent with their obligations to know their customers and report possible criminal activity’. However, while the announcement opens the door for all manner of financial services providers, from banks to credit cards to bitcoin payment processors, to potentially serve the industry, bitcoin payment businesses are split about a potential path forward.”
http://www.coindesk.com/bitcoin-processors-reconsider-marijuana-fincen-ruling/
Related posts:
In phishing attack, Microsoft’s unmentionables aired by hacktivists
Las Vegas woman sexually assaulted by court officer, then arrested for reporting it
Reflecting On Traveling Around The World: The Reunion
Austerity's End Could Bring Additional German Turmoil
This Public Preschool Looks Like a Prison
Banks: Card Breach at Landry’s Restaurants
Ron Paul: What Are The Chances For Peace in 2016?
Call Them Hippies, But the Grateful Dead Were Tech Pioneers
6 Red States That Are Turning Green at a Rapid Clip
Barter and Alternative Currencies Growing in Greece
Hacked X-Rays Could Slip Guns Past Airport Security
In Trump and Sessions' Drug War, It's Bad Cop/Bad Cop
America’s Police State: Worse than Communist North Korea?
Singapore Trials Its Digital Dollar Via Ethereum Blockchain
Kenya: Are Bitcoins the Future of Mobile Money?