“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.”
FinCEN: Cloud Mining, Escrow Services Aren’t Money Transmitters
- Post author:The Freedom Watch Staff
- Post published:May 22, 2014
- Post category:Economy / END the FED / Network Archives / News / The Freedom Watch
Tags: Alt/Indie News, Bankocracy, Bitcoin, CLibertyC, constitutional liberty coalition, economic Trends, for life and liberty, Investment/Trends, Land Of The Flea, regime uncertainty, Resistance, sound money, The Freedom Watch
The Freedom Watch Staff
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