Sentences with phrase «unregistered money transmitters»
that anyone selling initial coin offering (ICO) tokens are unregistered money transmitters, while the U.S. Securities and Exchange Commission (SEC)
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In the latest regulatory backlash against ICOs, the SEC has decided that, effectively, anyone who sells tokens is an unregistered money transfer business and anyone issuing an ICO is a money transmitter that is subject to the Bank Secrecy Act.
SEC decided that anyone selling tokens is an unregistered money transfer business and anyone issuing an ICO is a money transmitter subject to the Bank Secrecy Act.