Mt. Gox, the world’s largest bitcoin exchange, has filed paperwork with the U.S. Treasury to formally register as a currency exchange, IDG News reports. If approved, the move would bring Mt. Gox into compliance with U.S. money laundering laws.
However, approval is not guaranteed. IDG indicates that money service businesses are required to register within 180 days of starting operations, but that government paperwork suggests Mt. Gox has been in violation of the regulation since 2011.
The announcement comes just over a month after the U.S. Immigrations and Customs Enforcement and the Department of Homeland Security targeted Mt. Gox for failing to register with FinCEN.
Read the full report here.
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