The fragile Bitcoin economy will change drastically as companies scramble to obtain the proper licensing in response to guidance from the Financial Crimes Enforcement Network (FinCEN), which categorizes administrators and exchangers of virtual currencies as money services businesses.

FinCEN issued the guidance because "the industry and banks who provide services and law enforcement that investigate cases sought some regulatory certainty about where virtual currencies fall," says Steve Hudak, a spokesman for FinCEN.

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