The United States Government Begins Its Regulation of the Cryptocurrency Business Space with two new FinCEN Regulation. FinCEN- Financial Crimes Enforcement Network releases two new regulations that are aim directly at Cryptocurrency and how they are to be governing by the finical system. SEC- (not Southeast Conference) Securities Exchange Commission has issue letters and subpoenas to a number of Bitcoin related companies.. FTC- Federal Trade Commission. Right now Butterfly Labs is under court receivership and is being sued by the FTC for fraud and misrepresentation. There is belief in the community that more companies maybe facing action by the FTC and SEC in the coming months and that the cryptocurrency spaces is being regulate by the government in order to control this new financial market places.
