IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-137-38255-9_8.html
   My bibliography  Save this book chapter

Follow the Money

In: The Digital Currency Challenge: Shaping Online Payment Systems through US Financial Regulations

Author

Listed:
  • P. Carl Mullan

    (PDX Currency Corporation)

Abstract

The US Treasury Department, through the Financial Crimes Enforcement Network, implements, administers, and enforces compliance with the Bank Secrecy Act and associated regulations. FinCEN creates the rules that monitor and regulate all US digital currency systems and related businesses. As defined by US law, almost all digital currency businesses are considered to be financial institutions. The Money Service Business Rule (MSB) places all digital currency systems in the category of Money Transmitter Service, and forces all exchange agents, third-party processing agents, and most Bitcoin miners into the category of Money Transmitter.

Suggested Citation

  • P. Carl Mullan, 2014. "Follow the Money," Palgrave Macmillan Books, in: The Digital Currency Challenge: Shaping Online Payment Systems through US Financial Regulations, chapter 7, pages 49-55, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-38255-9_8
    DOI: 10.1057/9781137382559_8
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-1-137-38255-9_8. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.