Post
Topic
Board Legal
Re: Filed a request for an administrative to FinCEN this morning.
by
Stephen Gornick
on 03/06/2013, 19:51:20 UTC
I also brought up the scenario of operating an eWallet which involve only a single virtual currency and no real currency:
BTC: Person A -----> Wallet Provider -----> Person B
USD:  None

That's the question I had, since the guidance states:

Quote
The term "money transmission services" means "the acceptance of currency, funds, or other value that substitutes for currency from one person and the transmission of currency, funds, or other value that substitutes for currency to another location or person by any means.