The Financial Crimes Enforcement Network has issued new “interpretive guidance” about how its regulations apply to businesses that conduct money transmissions in virtual currencies. What do you need to know?
Recently, WeChat Payment has revised the “WeChat Agreement for Payment Service,” which involves the control and regulation of illegal transactions, including cryptocurrency transactions.
The U.S. Securities and Exchange Commission (SEC) has published an investment contract framework for digital assets, which is intended to give crypto companies more specific guidance as to whether a cryptocurrency is a security.
Cameron-Huff said that he is happy to accept bitcoin as payment (as well as fiat) and, in what he sees as another pioneering step forward, he has a fixed-fee payment system for his clients.
2018 has been a hallmark year for the U.S. Securities and Exchange Commission (SEC)’s enforcement against cryptocurrency companies, and, according to one director, international collaboration with other regulatory agencies has played a supporting role in the SEC’s recent regulatory actions.