Shopify is effectively acting as an exchange. Are they FINCEN compliant? If not, only a matter of time before they get shut down.
*edit*
and bitpay was also acting as an exchange, which is probably related to their recent shutting down.
*edit*
and bitpay was also acting as an exchange, which is probably related to their recent shutting down.
Utter nonsense. You obviously don't know the first thing about FinCen regulations. Processing for the sale of goods is not a money transmission activity.
Also, Bitpay has not shut down. Wow.
Ok, then every single business that uses shopify must register w FINCEN and collect identifying docs like the exchanges. LOLOLOL.
isn't shopify located in canada.
I have no knowledge on this subject but do they even have to care about FINCEN when not located in US?