Blaqclouds, Inc. Applies for FinCEN Registration as a Money Services Business (MSB) and Initiates Share Audit Following Management Transition

Core Insights - Blaqclouds, Inc. has submitted its application to register as a Money Services Business (MSB) with FinCEN, marking a significant step towards regulatory compliance and financial transparency [1][5] - The company has initiated a comprehensive audit of common stock transactions and share issuances from April 2025 to October 7, 2025, following a management change [2][6] - The audit aims to ensure proper shareholder approval and legal board authorization for past actions, with potential litigation to protect shareholder interests [4][6] Regulatory Compliance - The registration with FinCEN is crucial for aligning Blaqclouds' Web3 payment technologies with U.S. compliance frameworks [2] - The company is committed to operating transparently and has engaged Dominion Stock Transfer to validate share issuances during the disputed period [4][5] Management Changes - A new management team regained control of Blaqclouds on October 7, 2025, which is seen as a turning point for the company's integrity and strategic direction [2][6] - The previous CEO's actions during the disputed period included canceling 250 million shares and increasing the authorized share count to 1 billion shares, leading to concerns over legal authority [6] Audit Details - The audit will investigate whether share issuances were executed with valid legal authority, and findings will be publicly disclosed [4][6] - Two Notices of Conversion resulting in the issuance of 174 million shares may have been executed without proper authorization [6] Business Overview - Blaqclouds aims to bridge legacy finance with decentralized networks, providing solutions for crypto spending [6] - Key consumer applications include ShopWithCrypto.io, ZEUSxPay.io, DEX.ZEUSx.io, and ApolloWallet.io [7]