Posts Tagged ‘FinCEN’

U.S. Treasury cautions Bitcoin businesses on legal duties

Dec

2013

By Brett Wolf ST. LOUIS (Reuters) – The U.S. Treasury Departments anti money-laundering unit is warning businesses linked to the digital currency Bitcoin that they may have to comply with federal law and regulation as money transmitters, a Treasury spokesman said. Treasurys Financial Crimes Enforcement Network (FinCEN) has sent industry outreach letters to about a […]

Category CA Technologies Tech Written by Yahoo 0 Comments

Casascius, maker of shiny physical bitcoins, shut down by Treasury Department

Dec

2013

Mike Caldwell, the man who designed a set of collectible coins with Bitcoin keys hidden inside, has shut down his business after receiving a letter from the government. The Financial Crimes Enforcement Network (FinCEN), a branch of the Treasury Department, informed him last month that minting physical bitcoins qualifies him as a money transmitter business, […]

Category CA Technologies Tech Written by The Verge 0 Comments

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Posts Tagged ‘FinCEN’

U.S. Treasury cautions Bitcoin businesses on legal duties

Casascius, maker of shiny physical bitcoins, shut down by Treasury Department

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