user7334: Do hosted wallet services located in the USA need to register with the fenCEN as a MSB?

user8728: If the business is based in the US, yes.
Edit: IANAL, but in my opinion a wallet service clearly falls into the category of money transmitter according to FinCEN's virtual currency regulations.

7334: <p>Do hosted wallet services located in the USA need to register with the fenCEN as a MSB?</p>
 8728: <p>If the business is based in the US, yes.</p>

<p>Edit: IANAL, but in my opinion a wallet service clearly falls into the category of <em>money transmitter</em> according to <a href="http://fincen.gov/statutes_regs/guidance/html/FIN-2013-G001.html" rel="nofollow">FinCEN's virtual currency regulations</a>.</p>
