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Topic: FinCEN says you must be MSB if you sell bitcoins for $ - page 7. (Read 21218 times)

legendary
Activity: 3038
Merit: 1660
lose: unfind ... loose: untight
Did they bother to quote any:
  • laws
  • statutes
  • regulations
  • even policy announcements
to buttress their claim?
newbie
Activity: 56
Merit: 0
I was looking at starting up a site that would sell bitcoins through credit card transactions as a US based business. Not wanting to run into immediate regulatory problems I gave FinCEN (Financial Crimes Enforcement Network) a call. It took them a couple of weeks to get back to me but the answer was yes that business would be required to register as a Money Service Business.
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