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Wednesday, May 29, 2013

Peter Z. Scheer — Prosecutors Use Patriot Act to Shut Down Virtual Currency Operator

Reuters:
The U.S. Treasury Department’s anti-money laundering unit, the Financial Crimes Enforcement Network (FinCEN), issued guidance in March that labeled digital currency firms as money transmitters, thereby obliging them to put in place anti-money laundering programs and register with FinCEN.
Tokyo-based Mt. Gox, a top exchange for Bitcoin, the best known virtual currency, failed to register with FinCEN earlier this month and had its U.S. dollar accounts seized by authorities.
Truthdig
Prosecutors Use Patriot Act to Shut Down Virtual Currency Operator
Peter Z. Scheer


1 comment:

  1. "put in place anti-money laundering programs"?

    You mean just like all the TBTF banks do? LOL!!!!!

    How DUMB do these idiots think the US public is? :(

    Point ceded.

    ReplyDelete