Bitcoin and Blockchain Focused HashingSpace Registers to Adopt US FinCEN Regulatory Policies

Bitcoin and Blockchain Focused HashingSpace Registers to Adopt US FinCEN Regulatory Policies

HashingSpace Corporation (OTCQB: HSHS), a Bitcoin ASIC mining and hosting company, announced today that it has it has officially filed its Registration of Money Service Business (RMSB) form with the U.S. Financial Crimes Enforcement Network (FinCEN), a bureau of the United States Department of the Treasury.

FinCEN's mission is to safeguard the financial system from illicit use and combat 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."

MSB registration is an essential part of the federal government's efforts against money laundering, terrorist financing, and other financial crimes. Failure to comply with this fundamental requirement undermines efforts by law enforcement and other government agencies to enforce the laws intended to protect the U.S. financial system from abuse.  FinCEN's regulatory framework seeks to diminish the risk of criminal abuse of MSBs and support the availability of legitimate financial services provided by companies such as HashingSpace.

HashingSpace Corporation's business will provide a wide range of services to include:

· HASHHOSTING        

Servers fully managed and specifically set-up for ASIC MINING

· CLOUDHASH

Cloud mining servers that can be rented with full hashing power

· HASHMINING  

Our own Mining Farm

· HASHATM        

Owner and operator of Bitcoin ATM machines

· HASHWALLET  

Bitcoin consumer wallet for bitcoin banking and transactions

· HASHPOOL       

Public Stratum and P2Pool (Web/IOS/Droid)

· HASHTICKER     

Free Ticker for tracking Bitcoin Value (Screen Saver/Web/IOS/Droid)

· HASHVAR           

A wholesaler of Bitcoin servers and Bitcoin ATM machines

All company information, including stock trading, filings, and market data related to the company, is reported under the ticker symbol, HSHS.

About HashingSpace Corporation

HashingSpace Corporation is a Bitcoin ASIC mining company, hosting provider, and service provider of blockchain transactional services. HashingSpace's high density datacenters are designed to meet the demanding power and cooling needs of client hosted Bitcoin mining gear with unparalleled pricing, cooling and green energy. The Corporation is continuing to expand its datacenters to satisfy the shortage of low cost hosting facilities catering to the Bitcoin and blockchain mining and transactional verification services industry specifically.

HashingSpace Corporation manages HashWallet, a Bitcoin wallet; HashPool, a Bitcoin mining pool; and HashATM, the owner and operator of Bitcoin ATM machines. The company is a wholesaler of Bitcoin mining servers and Bitcoin ATM machines. Bitcoin businesses interested in reselling HashingSpace products and services are invited to reach out to HashingSpace Corporation for more information.

HashingSpace Corporation is headquartered in Wenatchee, Washington.

For more information bout HashingSpace Corporation, visit http://www.hashingspace.com/

Any unreleased services or features referenced in this or other press releases or public statements may not be currently available and may not be delivered on time or at all. Customers who purchase HashingSpace services should make their purchase decisions based upon features currently available.

Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the Company's current plans and expectations, as well as future results of operations and financial condition. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.


Related News

Bitcoin Company HashingSpace registers for US FinCEN regulations

Virtual currency firm HashingSpace Corporation has announced that it has filed its Registration of Money Service Business (RMSB) form with the U. S. Financial Crimes Enforcement Network (FinCEN). The Bitcoin ASIC mining and hosting company's decision was announced by Terry Taylor who is the Chief Financial Officer of HashingSpace. Announcing the decision of the company she said, "we are pleased to announce the completion of this vital step towards full compliance with the federal regulations applying to our business." She also tried to address concerns of law enforcement official who have....

Bitcoin Focused HashingSpace Corporation Completes Reverse Merger

Washington-based Bitcoin focused HashingSpace Corporation has completed a reverse merger with Milestone International Corporation, filed its 8-K with the United States Securities and Exchange Commission, and will trade on the OTC Markets under a new ticket symbol (HSHS), according to an official release. HashingSpace Corporation merged with Milestone International Corporation as part of a reverse merger for 120,000,000 shares of common stock, and 600,000 shares of Series A Preferred Stock. The merger was completed on July 10, 2015. Timothy Roberts, Chief Executive Officer of HashingSpace....

Bitcoin firm HashingSpace joins hands with IdentityMind Global™

HashingSpace Corporation has reinforced its commitment for cleaner online transactions via its platform, by clinching anagreement with the anti-money laundering and regulatory compliance platform IdentityMind Global™. Earlier we had reported that this Washington-based Bitcoin company had filed its Registration of Money Service Business (RMSB) form with the U. S. Financial Crimes Enforcement Network (FinCEN). Announcing the agreement, Timothy Roberts, CEO of HashingSpace said that "IdentityMind Global™ provides HashingSpace with the complete suite of risk monitoring and anti-money....

Mt. Gox registers with FinCEN as a money services business

Mt. Gox, the world's largest bitcoin exchange, has taken a step towards complying with US money-laundering regulations by registering as a money services business with the US Treasury Department. The Treasury Department's Financial Crimes Enforcement Network, FinCEN, shows on their website that Mt. Gox's registration as a money services business was received on Thursday 27th June. Although this does not constitute approval by FinCEN of Mt. Gox's activities, it is a sign that the bitcoin exchange is willing to abide by US rules in order to continue operating. "In practice, registration with....

HashingSpace Hires Legal Expert on Bitcoin

Wenatchee-based Bitcoin ASIC mining and hosting company HashingSpace Corporation (OTCQB: HSHS) has announced that it has secured the services of Marco Santori, a legal expert on Bitcoin and blockchain. Mr. Santori is a renowned name in the law of Bitcoin, digital currencies, and emerging payments. He lends his services to exchanges, payment processors, institutional miners and other companies making innovative applications of the virtual currency technology, including "Bitcoin 2.0." He is also the Chairman of the Bitcoin Foundation's Regulatory Affairs Committee. Timothy Roberts, CEO of....