31 Jan '14, 2pm

US Treasury confirms Bitcoin miners and investors won't be regulated

US Treasury confirms Bitcoin miners and investors won't be regulated

Bitcoin miners and investors will not be regulated by the US Treasury. The clarification came in a pair of rulings yesterday from the Financial Crimes Enforcement Network (FinCEN), a bureau of the US Treasury Department, which said that people who mine virtual currencies for personal use and businesses that buy and sell virtual currencies purely as an investment will not be considered money transmitters, exempting them from requirements to register with the government and comply with certain money laundering regulations that it appeared may have applied to them

Full article: http://www.theverge.com/2014/1/31/5364406/bitcoin-miners-...

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