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Title: Are Bitcoin Wallet Providers Exchanges? Comparing A Federal Reserve Document Rev Post by: row5_seat47 on February 14, 2016, 11:37:00 PM Are Bitcoin Wallet Providers Exchanges? Comparing A Federal Reserve Document Revision
https://medium.com/@inthepixels/are-wallet-providers-exchanges-6ee085309220 Title: Re: Are Bitcoin Wallet Providers Exchanges? Comparing A Federal Reserve Document Rev Post by: gentlemand on February 16, 2016, 02:33:05 AM I guess it becomes a little greyer when wallets are teamed up with another service like Mycelium is with Coinapult to provide some USD interchange. Does that mean Mycelium is totally off the hook because Coinapult is handling it or are they dragged in too?
Title: Re: Are Bitcoin Wallet Providers Exchanges? Comparing A Federal Reserve Document Rev Post by: AgentofCoin on February 16, 2016, 10:00:40 PM Are Bitcoin Wallet Providers Exchanges? Comparing A Federal Reserve Document Revision https://medium.com/@inthepixels/are-wallet-providers-exchanges-6ee085309220 A basic reading of the new version does not add or omit anything that would be considered an attempt to incorporate "wallet providers" into the laws that govern "exchanges". Many users here (not saying you) are mistaken in thinking that simple wallets will one day be governed by laws that require AMLs and KYCs. ... Does that mean Mycelium is totally off the hook because Coinapult is handling it or are they dragged in too? From my understanding, Mycelium (a "wallet") will be dragged in since they are facilitating Coinapult (an "exchange/transmitter"). They will have to drop that feature of their wallet in the future, if they wish to remain in not collecting users info. |