Bitcoin Forum

Bitcoin => Press => Topic started by: milaliss on August 17, 2015, 11:53:58 AM



Title: [2015-08-17] Colored coins companies fall under money transmitter definition
Post by: milaliss on August 17, 2015, 11:53:58 AM
FINCEN: Colored coins companies fall under money transmitter definition

Financial Crimes Enforcement Network (FINCEN) answered a letter from the bitcoin company that deals with gold and issues “blockchain certificates”. According to the answer, some bitcoin companies that work with colored coins and tokens might need money transmitter license.
http://www.coinfox.info/2756-fincen-colored-coins-companies-fall-under-money-transmitter-definition