Bitcoin miners and investors aren’t money transmitters, says FinCEN

The United States Financial Crimes Enforcement Network (FinCEN) published two new administrative rulings announcing that Bitcoin miners and investors aren’t considered money transmitters. A document released this Thursday (30) includes the two rulings. The first one states “that, to the extent a user creates or ‘mines’ a convertible virtual currency solely for a user’s own …

Weekly Round Up: Charlie Shrem’s arrest, big businesses consider BTC and Washington announces Bitcoin is “money”

The possibility of seeing new major businesses becoming Bitcoin-friendly was one of the big themes of the week. However, not even these great news or the positive hearings held in New York City were able to draw attention from Charlie Shrem’s arrest. The case caught everyone by surprise. Still, there were also good news coming from …

New Hong Kong Bitcoin exchange HKCEx announces $2M investment

The Hong Kong-based HKCEx, a new Bitcoin exchange service that claims to be the world’s most secure Bitcoin trading platform, just secured an investment of $2 million, backed by local financial organizations and private investors. According to a statement released by the company, the first trench of investments will be used to “create a high-load trading …