[2014-10-13] Rumor: FinCEN Will Act Against U.S. Based Crypto-Currency Companies

[LiteCoinGuy]

That FinCEN Will Act Against U.S. Based Crypto-Currency Companies

A rumor has spread accross Bitcoin Talk forums, Reddit, and other related Bitcoin forums that the Financial Crimes Enforcement Newtork (FinCEN) will take action next month. They are expected to hand out “enforcement actions” against 5 or 6 U.S. based crypto-currency companies. According to the rumor, the FinCEN is targeting companies which are setting up virtual stock exchanges, or virtual assets. The list of target companies includes companies such as Counterparty, BitSharesX, Mastercoin, Maidsafe, and possibly Ethereum.


http://btcpricelive.com/fincen-targets-bitcoin-companies/

[annette786]

I believe that anytime you issue something that pays a dividend, you are subject to SEC regulation-- even if it is non-dollar based.

I see how this will affect swarm, but not Bitcoin. 

[notthematrix]

Ilse of man anyone.....
no this wil just place the US outside the inovation wont stop anything at all
very nicely said here http://www.youtube.com/watch?v=06wUSPCoRpg

[bitbouillion]

FinCEN will go after a company, which develops decentralized data storage solutions and is based Scottland? I call that rumor bullshit.

[gmx95]

FinCen can go after anybody who is transacting money one way or another. There is nothing new. They are not specifically targeting bitcoin businesses I think.

[ThomasCrowne]

I've had a sneaking suspicion of this sort of action being taken by FinCEN against a # of dividend offering sites.  Not sure whether or not the source of this rumor is true, but even if it isn't I suspect it's not far off.