Article Image
News Link • Bitcoin

US Treasury Warning Letters On Bitcoin Have 'Chilling Effect' On Businesses ..

• Business Insider

Treasury's Financial Crimes Enforcement Network (FinCEN) has sent "industry outreach" letters to about a dozen firms, regarding potential anti-money laundering compliance obligations related to Bitcoin businesses, FinCEN spokesman Steve Hudak told Thomson Reuters' regulatory information service Compliance Complete.

Bitcoin, which unlike conventional money is bought and sold on a peer-to-peer network independent of any central authority, has grown popular among users who lack faith in the established banking system.

Join us on our Social Networks:


Share this page with your friends on your favorite social network:

Attorney For Freedom