Bitcoin and Blockchain Focused HashingSpace Registers to Adopt US FinCEN Regulatory Policies

WENATCHEE, Wash., Aug. 26, 2015 /PRNewswire/ -- HashingSpace Corporation (OTCQB: HSHS), a Bitcoin ASIC mining and hosting company, announced today that it has it has officially filed its Registration of Money Service Business (RMSB) form with the U.S. Financial Crimes Enforcement Network (FinCEN), a bureau of the United States Department of the Treasury.

FinCEN's mission is to safeguard the financial system from illicit use and combat money laundering and promote national security through the collection, analysis, and dissemination of financial intelligence and strategic use of financial authorities.

"We are pleased to announce the completion of this vital step towards full compliance with the federal regulations applying to our business," stated Terry Taylor, Chief Financial Officer at HashingSpace.  "Money laundering, terrorist financing and other illicit activity have no place in our financial system, and HashingSpace is committed to developing a comprehensive culture of compliance to ensure it stays off of our network."  Taylor continued, "At the same time, our proprietary policies and procedures minimize the friction usually experienced by customers signing up for a regulated service."

MSB registration is an essential part of the federal government's efforts against money laundering, terrorist financing, and other financial crimes. Failure to comply with this fundamental requirement undermines efforts by law enforcement and other government agencies to enforce the laws intended to protect the U.S. financial system from abuse.  FinCEN's regulatory framework seeks to diminish the risk of criminal abuse of MSBs and support the availability of legitimate financial services provided by companies such as HashingSpace.

HashingSpace Corporation's business will provide a wide range of services to include:

All company information, including stock trading, filings, and market data related to the company, is reported under the ticker symbol, HSHS.

About HashingSpace Corporation

HashingSpace Corporation is a Bitcoin ASIC mining company, hosting provider, and service provider of blockchain transactional services. HashingSpace's high density datacenters are designed to meet the demanding power and cooling needs of client hosted Bitcoin mining gear with unparalleled pricing, cooling and green energy. The Corporation is continuing to expand its datacenters to satisfy the shortage of low cost hosting facilities catering to the Bitcoin and blockchain mining and transactional verification services industry specifically.

HashingSpace Corporation manages HashWallet, a Bitcoin wallet; HashPool, a Bitcoin mining pool; and HashATM, the owner and operator of Bitcoin ATM machines. The company is a wholesaler of Bitcoin mining servers and Bitcoin ATM machines. Bitcoin businesses interested in reselling HashingSpace products and services are invited to reach out to HashingSpace Corporation for more information.

HashingSpace Corporation is headquartered in Wenatchee, Washington. For more information, visit www.hashingspace.com.

Any unreleased services or features referenced in this or other press releases or public statements may not be currently available and may not be delivered on time or at all. Customers who purchase HashingSpace services should make their purchase decisions based upon features currently available. For more information please visit http://www.hashingspace.com or call 1-855-HASHING (427-4464).

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the Company's current plans and expectations, as well as future results of operations and financial condition. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/bitcoin-and-blockchain-focused-hashingspace-registers-to-adopt-us-fincen-regulatory-policies-300133338.html

SOURCE HashingSpace Corporation

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