CreditCoin; The original petition, received on 4/4/2018, sought a declaratory statement from the Office on its proposed business model (using the Company's website, a Buyer requests to purchase cryptocurrency from the Company and pays for the ...

 

DEPARTMENT OF FINANCIAL SERVICES

Finance

NOTICE IS HEREBY GIVEN that the Florida Office of Financial Regulation has received the petition for declaratory statement from CreditCoin. The petition seeks the agency’s opinion as to the applicability of Chapter 560, Florida Statutes, as it applies to the petitioner.

The original petition, received on 4/4/2018, sought a declaratory statement from the Office on its proposed business model (using the Company’s website, a Buyer requests to purchase cryptocurrency from the Company and pays for the purchase. The Company will provide the Buyer with the private keys to access the purchased cryptocurrency, instructing the Buyer to print or store the private keys in a safe location. Once purchased, custody of the cryptocurrency is the sole responsibility of the Buyer and at no point in the process does the Company hold or transfer the purchased cryptocurrency on the Buyer's behalf.) would require licensure under Chapter 560, Florida Statutes. *On April 24, 2018, the Petition was withdrawn.

A copy 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], [e-mail].

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