Administrator

A person engaged as a business in issuing (putting into circulation) a virtual currency, and who has the authority to redeem (to withdraw from circulation) such virtual currency. The Administrator is considered to be an MSB (in the absence of an applicable exemption) if the Virtual Currency in question is Convertible Virtual Currency.

Reference: FinCEN, FIN-2013-G001, Application of FinCEN’s Regulations to Persons Administering, Exchanging, or Using Virtual Currencies (March 18, 2013).