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Author Topic: MSB Regulation by country  (Read 983 times)
mattjoon
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September 20, 2013, 03:38:29 AM
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I've seen some posts on the regulations within the United States on mining bitcoins. FinCEN is fairly clear about the fact that miners are classified as money transmitters which also makes them a MSB (Money Services Business).
I wonder about the legal/regulatory environment in other countries.

Does anyone have information on the regulation of MSB's or more specifically bitcoin miners outside of the US?
What about dealing with US customers as a miner from outside the United States?
It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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September 20, 2013, 08:10:31 AM
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Check in the legal section, there's  a few posts in there regarding financial regulatory environments outside the united states.

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