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Digital Currency Payment Processors & Exchanges are Money Transmitters

Avatar newsbtc 5 years ago

If there was any doubt about the fact as to whether or not FinCEN believes that digital currency payment processors in addition to exchange weren’t money transmitters, there’s now supreme clarity.

This week, the Financial Crimes Enforcement Network (FinCEN) released two administrative rules covering a number of topics related to bitcoin.

You can read them below:


Here’s the second one:


As expected, members of the community aren’t exactly thrilled about the news, but clarity when it comes to these matters are certainly important.

What do you make of it all?

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