Finextra: Denmark’s government is planning to help usher in the long-awaited cashless society by giving restaurants and some shops the option to refuse notes and coins. This is extremely interesting. As cities and governments gravitate towards digital money and become cashless societies this is perhaps the first time I am reading about such an initiative, whereby a […]
What recourse do Bitcoin companies operating in the US have in light of the recent ruling by FinCEN?
On October 27, 2014, the Financial Crimes Enforcement Network (FinCEN) released new guidance for custodial bitcoin exchanges and payment processors, ruling that such companies may be considered money services businesses under US law. The past couple of days have been very hectic. Besides fielding calls from lots of people, everyone is asking the same […]
The US Financial Crimes Enforcement Network (FINCEN) released its opinion on: Request for Administrative Ruling on the Application of FinCEN’s Regulations to a Virtual Currency Payment System yesterday (27th October 2014). The ruling which is an update to an earlier ruling of October 2013, in which only Bitcoin Exchanges were subject to the Money […]
Am updating this article: Have setup a website that now has all the relevant information: http://OnlinePaymentsGuide.com A lot of people continuously bombard me with the questions as to who the best online payment processor is, from where can I get an online merchant account for their website to accept payments, is there an alternative of […]