CoinX is a FinCEN Registered Money Services Business (MSB) holding valid Money Transmitter Licenses for Money Transfer Business

Unlawful Internet Gambling Enforcement ACT


The Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA) and Regulation GG of the Federal Reserve prohibit CoinX from processing or participating in transactions related to unlawful internet gambling. The term “unlawful internet gambling” assumes the definition established in 12 C.F.R. Section 132.2(bb). Restricted transactions generally include, but are not limited to, transactions involving card systems, ACH systems, wire transfer systems, check collection systems, and money transmitting businesses in which funds are accepted by gambling businesses in connection with another person in a bet or wager that involves the use of the internet and that is unlawful under any federal or state law. It is the policy of CoinX to strictly prohibit the use of a customer’s business relationship with CoinX for unlawful purpose.