FinCen has issued two basic administrative
rulings over digital currencies; The first one relates to the application of FinCEN regulations to a virtual currency trading platform, while the second discusses the application of FinCEN regulations to a virtual currency payment system.
That research effort would still allow Brian Moynihan to look like a genius when blockchain transactions take
over the financial world five years (or five decades) from now — whether Bitcoin dies in a ditch, or
rules the
digital currency market for the long haul.