|
Title: More Clarity on US Regulation --> Bad for Bitcoin Entrepreneurs Post by: juanbllanos on May 09, 2013, 06:12:10 PM http://contrariancompliance.com/2013/05/09/its-official-foreign-bitcoin-operators-servicing-texas-residents-must-obtain-a-texas-money-transmitter-license/
Title: Re: More Clarity on US Regulation --> Bad for Bitcoin Entrepreneurs Post by: zeocrash on May 09, 2013, 06:49:16 PM I wonder what the effect would be of servicing Texas residents without a licence.
Title: Re: More Clarity on US Regulation --> Bad for Bitcoin Entrepreneurs Post by: juanbllanos on May 10, 2013, 03:27:14 PM Operating without a license is a federal crime in the United States!
Title: Re: More Clarity on US Regulation --> Bad for Bitcoin Entrepreneurs Post by: iram3130 on May 10, 2013, 03:36:34 PM If I were in Mongolia? And sent bitcoins to a Texas resident.Would US go to my ger for transmitting some bitcoins?
Title: Re: More Clarity on US Regulation --> Bad for Bitcoin Entrepreneurs Post by: BitJohn on May 10, 2013, 03:39:24 PM I'm pretty sure Chuck Norris of the Texas Rangers can go wherever he pleases! On a more serious not of course they wont come get you in Mongolia.
Title: Re: More Clarity on US Regulation --> Bad for Bitcoin Entrepreneurs Post by: juanbllanos on June 03, 2013, 09:20:07 PM If I were in Mongolia? And sent bitcoins to a Texas resident.Would US go to my ger for transmitting some bitcoins? If you had a big enough business, I'm sure the federal law enforcement agencies of the US would. Just look at E-Gold, and more recently Liberty Reserve (although these guys were allegedly committing other serious crimes). Title: Re: More Clarity on US Regulation --> Bad for Bitcoin Entrepreneurs Post by: juanbllanos on June 03, 2013, 09:22:09 PM I wonder what the effect would be of servicing Texas residents without a licence. If you had a big enough business, the US federal authorities would track you down, gather evidence and make a case. If accepted by a grand jury, you'd then be indicted (formally accused), and brought to trial. All of this is facilitated when jurisdictions have mutual legal assistance treaties, which facilitate the processing of cases. Still, the US has an enormous amount of extra territorial power. Title: Re: More Clarity on US Regulation --> Bad for Bitcoin Entrepreneurs Post by: Kaepora on June 03, 2013, 10:06:23 PM If I were in Mongolia? And sent bitcoins to a Texas resident.Would US go to my ger for transmitting some bitcoins? No one messes with Texas ;DTitle: Re: More Clarity on US Regulation --> Bad for Bitcoin Entrepreneurs Post by: learnmore on June 03, 2013, 11:03:43 PM The US government should replace social security numbers with BTC addresses.
|