Prepaid Access

P. Carl Mullan
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P. Carl Mullan: PDX Currency Corporation

Chapter 9 in The Digital Currency Challenge: Shaping Online Payment Systems through US Financial Regulations, 2014, pp 61-67 from Palgrave Macmillan

Abstract: Abstract On July 29, 2011, FinCEN published a final rule on definitions and other regulations relating to prepaid access better known as the “prepaid access rule.” All existing digital currency companies and agents engaged in US business were now considered to be operating under the “prepaid access” rule with very few exceptions. Several large digital currency companies withdrew from the US market. Bitcoin was proven to not be subject to the new Prepaid Access Rule.

Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-38255-9_10

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DOI: 10.1057/9781137382559_10

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