BitShares Forum
Main => General Discussion => Topic started by: robrigo on May 05, 2015, 10:46:25 pm
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FinCEN fines Ripple $700,000 for violating AML / KYC compliance and failing to register as a money services business when XRP is issued.
Because we are a community (not a company 8)), and the AGS were donated, does that allow BitShares to fly under the radar?
http://www.coindesk.com/fincen-fines-ripple-labs-700000-bank-secrecy-act/
http://www.fincen.gov/news_room/nr/html/20150505.html
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I believe AGS were specifically donations to avoid these kind of problems, if im not mistaken.
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I believe AGS were specifically donations to avoid these kind of problems, if im not mistaken.
And PTS was returned before the end of 2014.
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Yeah. Literally everything the team did in the last two months of 2014 was aimed at making themselves safe from this kind of thing.