Bitcoin Foundation is Wrong! BitcoinLaw – “FinCEN and BitCoin Miners”
Bitcoin Targeted By Latest FinCEN Ruling? – Implications Are Profound
FinCEN thinks it has the authority to go after entities such as Mt. Gox that are located in Japan. Mt. Gox, along with all the other related institutions, such as SpendBitcoins.com that exchange Bitcoins for gift cards, or VirWox which exchange Second Life “Linden dollars” for Bitcoins would be subject to criminal sanction by FinCEN even if they have no physical presence in the US at all.
FinCEN Statement Regarding Administrative Ruling FIN-2013-R001, July 12, 2013
Application of FinCEN’s Regulations to Persons Administering, Exchanging, or Using Virtual Currencies