Thanks for the summary. I'd like to add a couple of salient points to it. 1. The insidious nature of the DoJ rules allows the DoJ to target "risky" industries

Thanks for the summary. I'd like to add a couple of salient points to it. 1. The insidious nature of the DoJ rules allows the DoJ to target "risky" industries (with no need to pass new laws), such that companies in those industries can't get a bank account, making it hard or impossible for them to do business. This helps the DoJ to push out industries it doesn't like, using the banks to do its dirty work. 2. It's much worse than it sounds, being required to "provide business documentation". Being classified as an MSB would force the account holder to implement an anti-money laundering program that is subject to independent review, and possibly report transactions of a certain range of values. For a personal bank account? This is, frankly, an egregious abuse of the law. Disclosure: I wrote the blog post. I struggle to "omit needless words", sadly.