Bitcoin Mining is not a Money Transmission, According to FincEN

CoinReport has posted the details of a recent FinCEN release. FinCEN Declares Bitcoin Escrow and Cloud Mining Not Money Transmitters Posted April 30, 2014, by Ali Najjar The US Department of the Treasury’s Financial Crimes Enforcement Network has issued a release, ruling that bitcoin cloud mining services and Escrow services are not considered money transmitters. Money … Continue reading »