National Aten Coin (NAC) aka NAC Foundation, LLC.; The petition sought a declaratory statement from the Office on whether Petitioner's activities (of acting as an Administrator of the Aten "Black Gold" Coin solely for the purposes of validating/...

 

DEPARTMENT OF FINANCIAL SERVICES

Finance

NOTICE IS HEREBY GIVEN that the Office of Financial Regulation has declined to rule on the petition for declaratory statement filed by National Aten Coin (NAC) aka NAC Foundation, LLC on September 29, 2015. The following is a summary of the agency’s declination of the petition:

The petition sought a declaratory statement from the Office on whether Petitioner's activities (of acting as an Administrator of the Aten “Black Gold” Coin solely for the purposes of validating/monitoring transactions and requiring user identification) requires licensing under Florida’s money transmitting statute Chapter 560, Florida Statutes. On December 15, 2015, the Office of Financial Regulation issued a Final Order denying the Petition for Declaratory Statement; (a declaratory statement is not available to Petitioner because the facts provided in the Petition are not clearly identified or delineated, and because it is seeking approval of acts which may have already occurred, and may be currently ongoing.)

A copy of the Order Declining of the Petition for Declaratory Statement may be obtained by contacting: Agency Clerk, Office of Financial Regulation, P.O. Box 8050, Tallahassee, Florida 32314-8050, [phone].

Please refer all comments to: the Agency Clerk, Office of Financial Regulation, P.O. Box 8050, Tallahassee, Florida 32314-8050, [phone].