US FinCEN established regulatory guidelines
united states
Regulation
Legal
1 min read
Updated By: History Editorial Network (HEN)
Published:
In the US, the Financial Crimes Enforcement Network (FinCEN) established regulatory guidelines for 'decentralized virtual currencies' such as bitcoin, classifying American bitcoin miners who sell their generated bitcoins as Money Service Businesses (or MSBs), that may be subject to registration and other legal obligations.
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