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Lots of people have been commenting about Tradehill doing all of the regulatory work needed to by completely in the clear, yet, a cursory search for a registere
by Judson 13y ago
Lots of people have been commenting about Tradehill doing all of the regulatory work needed to by completely in the clear, yet, a cursory search for a registered MSB[0] going by Tradehill, inc. or Tradehill didn't turn up any results.
Tradehill alludes to the fact that they are doing some simple "know our customer" type verifications, but that won't satisfy FinCEN when they come knocking.
[0]: http://www.fincen.gov/financial_institutions/msb/msbstateselector.html http://www.fincen.gov/financial_institutions/msb/msbstatesel...
- josh2600 13y agoI have some friends in tradehill and while I can't speak to their precise regulatory actions, I do believe they registered as a money transmitter.
- Judson 13y agoThey don't appear to have registered as a money transmitter in CA. http://www.dfi.ca.gov/Directory/money_transmitters.html http://www.dfi.ca.gov/Directory/money_transmitters.html