30 Dec '13, 2pm

FinCEN to bitcoin miners: No need to register if the bitcoins are for your own use

FinCEN to bitcoin miners: No need to register if the bitcoins are for your own use

By Michael Carney On December 30, 2013 The bitcoin ecosystem got a late Christmas present from the US Department of Treasury, Financial Crimes Enforcement Network (FinCEN) on Friday. As first reported by CoinText , FinCEN provided much-needed clarification on its previous guidance, making it clear that under most circumstances bitcoin miners do not need to register as Money Services Businesses (MSB) under the Bank Secrecy Act. This eliminates a series of potentially costly and onerous requirements for a critical segment of the bitcoin ecosystem. Since the dawn of virtual currencies, market participants of all sizes and shapes have faced a degree of uncertainty around their standing in the eye of the law. Exchanges, wallet platforms, payment processors, merchants, miners, and traders have all been forced to question their registration obligations. Any company classified as ...

Full article: http://pando.com/2013/12/30/fincen-to-bitcoin-miners-no-n...

Tweets

Bitcoin miners don't have to register with the ...

theverge.com 30 Dec '13, 8pm

The US Treasury Department's Financial Crimes Enforcement Network (FinCEN) issued guidance earlier this year outlining how...

FinCEN: Bitcoin Miners Need Not Register as Money Transmitters

FinCEN: Bitcoin Miners Need Not Register as Mon...

coindesk.com 29 Dec '13, 11am

Bitcoin miners who mine “for themselves” do not have to register as Money Services Businesses (MSBs) with the US Financial...

Only The Very Best Need Apply

Only The Very Best Need Apply

navyseals.com 01 Jan '14, 2pm

Chris is a former U.S. Navy SEAL, 18-Delta Combat Medic, and SEAL Sniper with deployments in support of Operation Iraqi Fr...

Bitcoin miners do not have to register as money transfer services: ruling

Bitcoin miners do not have to register as money...

slashgear.com 28 Dec '13, 5pm

Bitcoin miner Milly Bitcoin has done a little citizen letter-writing, and the results should make virtual currency miners ...

Make good use of that latest kitchen equipment you got for Christmas with these new(ish) cookbooks:

Make good use of that latest kitchen equipment ...

is.asia-city.com 30 Dec '13, 8am

Best Brunch Ever: Delicious Morning Recipes to Savour Brunch is fast becoming a national obsession and kitchen giants Tool...

Why you need more of this:

runnersworldonline.com.au 05 Jan '14, 9am

Not getting enough sleep has been linked to higher weight. According to new research , your sleep habits could still affec...

Bitcoin isn't the only virtual currency you onl...

washingtonpost.com 29 Dec '13, 4am

By now, most people have heard of Bitcoin, the peer-to-peer currency whose value has soared over the past couple of years....

A Group Of Miners Has Exposed One Of Bitcoin's Fatal Flaws

A Group Of Miners Has Exposed One Of Bitcoin's ...

businessinsider.com 10 Jan '14, 2pm

Lots of people believe Bitcoin is impregnable. Yesterday showed it may not be. GHash.io, the world's largest collective of...

Up to 100$/day! You can do the same every day! ...

coingeneration.com 07 Jan '14, 4pm

Feedback E-mail Name Message Loading... Privacy | TOS | Refunds | Request Quote | Lease Contract | Software License 555 Ca...

How many cups of water a day do we REALLY need? Great read here for the answer:

How many cups of water a day do we REALLY need?...

ecosalon.com 01 Jan '14, 10pm

Climate, perspiration levels, bowel movement frequency, diet and overall health can alter your water needs. Someone who te...

Bitcoin For Brownstones: You Can Now Use Digital Currency To Buy New York Real Estate

Bitcoin For Brownstones: You Can Now Use Digita...

zerohedge.com 04 Jan '14, 7pm

I threw $100 at it back in early December (0.1 BTC), thought why not I can afford to lose it. You might remember the post....

Here's the answer to why Bitcoin has value.

Here's the answer to why Bitcoin has value.

businessinsider.com 30 Dec '13, 5pm

Paul Krugman set off a new firestorm this weekend with a post about Bitcoin that asked a fairly simple question: What give...

Is Bitcoin Legal in India? The Glimmer of a Bright Light

Is Bitcoin Legal in India? The Glimmer of a Bri...

nextbigwhat.com 30 Dec '13, 5am

The raids conducted by the Enforcement Directorate in Ahmedabad on Bitcoin traders appear at first glance to be a blow to ...

Нужны БТС? 1 Bitcoin=840$ Регистрация

freebitco.in 05 Jan '14, 8am

Bitcoin Wallet Create a bitcoin web wallet in 1 easy step. If you wish to create the wallet yourself (recommended) instead...