HashingSpace files for US FinCEN regulations

HashingSpace Corporation, a Bitcoin ASIC mining and hosting company, has recently announced filing of its Registration of Money Service Business (RMSB) form with the U.S. Financial Crimes Enforcement Network (FinCEN).

FinCEN, a bureau of the United States Department of the Treasury, aims to protect the financial system from illegal use, prevent money laundering and promote national security through the collection, analysis, and dissemination of financial intelligence and strategic use of financial authorities.

"We are pleased to announce the completion of this vital step towards full compliance with the federal regulations applying to our business," stated Terry Taylor, Chief Financial Officer at HashingSpace.  "Money laundering, terrorist financing and other illicit activity have no place in our financial system, and HashingSpace is committed to developing a comprehensive culture of compliance to ensure it stays off of our network." 

Taylor continued, "At the same time, our proprietary policies and procedures minimize the friction usually experienced by customers signing up for a regulated service."

Recently, HashFin Corporation, a wholly owned subsidiary of HashingSpace Corporation, launched HashPool.com that offers GEO-IP load balanced Stratum and peer-to-peer mining pools and is accessible to anyone on the Web or from iOS and Android apps.

HashingSpace Corporation aims to develop key infrastructure to facilitate global acceptance of bitcoin. It currently manages HashWallet, a Bitcoin wallet; HashPool, a Bitcoin mining pool; and HashATM, the owner and operator of Bitcoin ATM machines.