Blaqclouds, Inc. Applies for FinCEN Registration as a Money Services Business (MSB) and Initiates Share Audit Following Management Transition
BLAQCLOUDS INC (BCDS)
Company Research
Source: GlobeNewswire
ROBESONIA, Pa., Oct. 20, 2025 (GLOBE NEWSWIRE) -- Blaqclouds, Inc., a Nevada corporation (OTC: BCDS), today announced that it has officially submitted its application to the U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) to register as a Money Services Business (MSB) under the Bank Secrecy Act (BSA). While the application has been formally accepted, the company anticipates receiving its BSA ID within the next two weeks, marking a major milestone in its pursuit of full regulatory compliance and financial transparency. “Registering as a Money Services Business with FinCEN represents a critical step forward in aligning our Web3 payment technologies with existing U.S. compliance frameworks,” said Shannon Hill, CEO of Blaqclouds, Inc. “This filing allows us to continue building decentralized financial infrastructure with the safeguards expected of regulated institutions.” Initiation of Share Audit and Legal Review Post-Management Change In conjunction
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