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Bitcoin Mint Reopens After Nastygram From Feds


Mike Caldwell shut down his bitcoin mint last month, after the federal agency that regulates money transmitters started asking him questions, but on Tuesday, he said he was reopening his Casascius Coins business — with some changes. He’ll still sell his real-world bitcoins, but it will be up to individual customers to actually back these physical coins with digital currency.

Caldwell is making the move in response to a November 15 letter from the Financial Crimes Enforcement Network, or FINCEN, the Treasury Department agency that interprets federal anti-money laundering regulations.

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