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Project Development
Re: UK exchange: Britcoin
by
Jobbernowl
on
09/06/2011, 15:51:55 UTC
Quote from: janice on June 09, 2011, 03:40:02 PM
If BritCoin opt to operate out of the UK, they will be bound by the UK Money Laundering Regulations:
http://www.legislation.gov.uk/uksi/2007/2157/regulation/20/made
That legislation look like it pretty covers Britcoin's operations. Is there a reason for them to be exempt needing do all that scrutiny of customers and transactions stuff?