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Breaking News: Bitcoin Price Retests $27K Following Fed Rate Decision
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Breaking News: Bitcoin Price Retests $27K Following Fed Rate Decision

Digital Currency Payment Processors & Exchanges are Money Transmitters

newsbtc by newsbtc
8 years ago
in Sponsored
Reading Time: 1 min read
Advertisement

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:

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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?

Tags: bitcoinFeaturedfincenNewstreasury
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