@bitcoinmoney

FIN-2013-G001

fincen.gov 19 Mar '13, 12am

@bitcoinmoney

FinCEN understands that the exchanger's activities may take one of two forms. The first form involves an exchanger (acting as a "seller" of the convertible virtual currency) that accepts real currency or its equivalent from a user (the "purchaser") and transmits the value of that real currency to fund the user's convertible virtual currency account with the administrator. Under FinCEN's regulations, sending "value that substitutes for currency" to another person or to another location constitutes money transmission, unless a limitation to or exemption from the definition applies.16 This circumstance constitutes transmission to another location , namely from the user's account at one location (e.g., a user's real currency account at a bank) to the user's convertible virtual currency account with the administrator. It might be argued that the exchanger is entitled to the exe...

Full article: http://www.fincen.gov/statutes_regs/guidance/html/FIN-201...

Tweets

@crankyecop » 03 Apr '13, 4pm
Tacit approval? Reluctant acceptance? Fledgling legitimacy? US FinCEN regulations on use of virtual currency [link] #bitcoin
@bmshirley » 03 Apr '13, 4pm
Of course the US Government wants to regulate BitCoin [link]
@IsharaYar » 31 Mar '13, 8am
[link] ハードカレンシーと交換することができるならば(現状できる)、他の地域通貨とやってることはあんま変わらんような(;´Д`)Bitcoin に番号が振られていて追跡できるのかどうかは知らんけどね
@IsharaYar » 31 Mar '13, 8am
[link] これ読むとBitcoin をバーチャル通貨と位置づけているけど、ハードカレンシー(USD, JPY, EUR) 以外の通貨の実質的な価値は、そのハードカレンシーとの交換レートによって決められるだけだし、Bitcoin も
@JaniKarn » 24 Mar '13, 9pm
FinCEN's recent guidance attacks #bitcoin and other virtual currencies.. anonymity and privacy of users at stake.. [link]
@bitcoin_ita » 22 Mar '13, 2pm
#FinCEN Issues Guidance on Virtual Currencies and Regulatory Responsibilities [link] #bitcoin
@ThinkingArch » 21 Mar '13, 9pm
@ndebock #bitcoin regulation? See c. [link]
@UNIR » 20 Mar '13, 2pm
#BITCOIN [link] #NAMECOIN #DNS #DNSD #ICANN #newGTLDS
@jettzworld » 20 Mar '13, 2am
RT @stevebrogan: See [link] RT @chrisbrogan: Fascinated by virtual currencies Bitcoin @alexisohanian [link]
@SteveBrogan » 19 Mar '13, 10pm
See [link] RT @chrisbrogan: Fascinated by virtual currencies like Bitcoin (via @alexisohanian) - [link]
@HoumanShadab » 19 Mar '13, 7pm
Financial Crimes Enforcement Network (FinCEN) interpretive guidance on regulation of virtual currencies. [link] #bitcoin
@catidgc » 19 Mar '13, 6pm
Bitcoin is officially legit, real currency in the US: [link] Also the price per bitcoin just jumped from $50 to $60.
@CiaranWillis » 19 Mar '13, 6pm
[link] The federal government eyes bitcoin regulation
@raymondsnow » 19 Mar '13, 9am
RT @Nientenomi: RT @neirajones US Government Defines Framework For Virtual Currencies: Legitimisation of Bitcoin? [link] #bitcoin #currency
@amirrasha » 19 Mar '13, 6am
RT @neirajones: US Government Defines Framework For Virtual Currencies: Legitimisation of Bitcoin? [link] #bitcoin #law #currency
@CoinSilverApp » 19 Mar '13, 5am
RT @FreedomFeens: Is this a government response to BitCoin?: [link]
@edmundedgar » 19 Mar '13, 4am
Fed Bitcoin guidelines look sensible and non-oppressive. [link] Suspect a sinister plot to mess with libertarians' heads.
@jrimer2008 » 19 Mar '13, 3am
@sggrc from @techdelight US Treasury unveils new bitcoin regulations and enforcement policies #technology [link]
@Beautyon_ » 19 Mar '13, 2am
RT @casperorchids: @bitcoinmoney Look @ the very last line/statement, these aren't Regulation, they're only Guidelines bitcoin [link] #Bitcoin
@techdelight » 19 Mar '13, 2am
US Treasury unveils new bitcoin regulations and enforcement policies #technology [link]
@BitcoinStarter » 19 Mar '13, 2am
RT @NerdfighterSean: Bitcoin is legal in the US. Bitcoin is no longer in a legal grey area. [link]
@forexpro13 » 19 Mar '13, 1am
RT @edmundedgar: Looks like US OpenSim grids with internal currencies would be "money transmitters". Bitcoin as currency would be OK [link]
@edmundedgar » 19 Mar '13, 1am
Looks like US OpenSim grids with internal currencies would be "money transmitters". Bitcoin as currency would be OK [link]
@NerdfighterSean » 19 Mar '13, 1am
Bitcoin is legal in the US. Bitcoin is no longer in a legal grey area. [link]
@NerdfighterSean » 19 Mar '13, 1am
RT @ErikVoorhees: The United States Government now says that Bitcoin is money, and will be treated as such. [link] #holycrap #usd #euro
@ErikVoorhees » 19 Mar '13, 1am
The United States Government now says that Bitcoin is money, and will be treated as such. [link] #holycrap #usd #euro
@xel_arjona » 19 Mar '13, 1am
¿Sera que el Gobierno Gringo se está "Abriendo" al efecto #BitCOIN? - [link]
@twiteis » 19 Mar '13, 1am
RT @rodrigotbatista: Governo americano regula bitcoin e todas as moedas virtuais: [link]
@stancarney » 19 Mar '13, 1am
Fincen releases 'guidance' clarifying virtual currencies such as Bitcoin. [link] #bitcoin
@casperorchids » 19 Mar '13, 1am
@bitcoinmoney not law until~ a law, no retroactivity, So I'm going to keep selling on Ebay #bitcoin Or am I wrong? [link]
@rodrigotbatista » 19 Mar '13, 1am
Governo americano regula bitcoin e todas as moedas virtuais: [link]
@casperorchids » 19 Mar '13, 1am
@bitcoinmoney litigation, grand jury proceeding, or proceeding before any other governmental body. #bitcoin [link]
@casperorchids » 19 Mar '13, 1am
@bitcoinmoney #bitcoin [link] down at the very bottom 12As our response is not n the form of an administrative ruling,
@FreeDisease » 19 Mar '13, 12am
US Treasury issues new guidelines affecting #bitcoin [link]
@casperorchids » 19 Mar '13, 12am
@bitcoinmoney Look @ the very last line/statement, these aren't Regulation, they're only Guidelines bitcoin [link] #Bitcoin
@RSnake » 19 Mar '13, 12am
@jgarzik: Wow! New virtual currency (#bitcoin) regulations from US Treasury (FinCEN), and they are pretty sane: [link] < +1
@waspoza » 19 Mar '13, 12am
RT @Mircea_Popescu: [link] This is pretty big : Fincen makes Bitcoin-specific rules.
@waspoza » 19 Mar '13, 12am
Application of FinCEN's Regulations to Persons Administering, Exchanging, or Using Virtual Currencies [link] #bitcoin
@juanhidalgo » 19 Mar '13, 12am
RT @jgarzik: Wow! New virtual currency (#bitcoin) regulations from US Treasury (FinCEN), and they are pretty sane: [link]
@jgarzik » 19 Mar '13, 12am
Wow! New virtual currency (#bitcoin) regulations from US Treasury (FinCEN), and they are pretty sane: [link]
@Mircea_Popescu » 19 Mar '13, 12am
[link] This is pretty big : Fincen makes Bitcoin-specific rules.
@BitcoinSquare » 19 Mar '13, 12am
RT @bitcoinmoney: We're all [unlicensed] money transmitters now. FinCEN's Regulations re: Virtual Currencies: [link] #Bitcoin
@bitcoinmoney » 19 Mar '13, 12am
We're all [unlicensed] money transmitters now. FinCEN's Regulations re: Virtual Currencies: [link] #Bitcoin
@tgsmith » 19 Mar '13, 12am
RT @bitcoinmoney: We're all [unlicensed] money transmitters now. FinCEN's Regulations re: Virtual Currencies: [link] #Bitcoin
@juanhidalgo » 19 Mar '13, 12am
RT @bitcoinmoney: We're all [unlicensed] money transmitters now. FinCEN's Regulations re: Virtual Currencies: [link] #Bitcoin
@bitcoinnews » 19 Mar '13, 12am
RT @bitcoinmoney: We're all [unlicensed] money transmitters now. FinCEN's Regulations re: Virtual Currencies: [link] #Bitcoin