Bitcoin Forum

Bitcoin => Mining => Topic started by: Death on October 10, 2014, 09:35:54 PM



Title: question about selling mined coins.
Post by: Death on October 10, 2014, 09:35:54 PM
i'm a small miner. do i need to register with fincen if i sell bitcoins to exchanges? this would be like me mining gold and pawning it.


Title: Re: question about selling mined coins.
Post by: goozman96 on October 11, 2014, 04:33:59 PM
No. You can sell coins on Coinbase or any similar exchange relatively easily. You should be fine.


Title: Re: question about selling mined coins.
Post by: HELP.org on October 11, 2014, 04:39:18 PM
No, I got a FinCEN ruling last year:

http://cointext.com/fincen-issues-bitcoin-friendly-ruling-for-miners/


Title: Re: question about selling mined coins.
Post by: Death on October 11, 2014, 08:06:47 PM
No, I got a FinCEN ruling last year:

http://cointext.com/fincen-issues-bitcoin-friendly-ruling-for-miners/

ahhh thank you so much!! i tried to sell a coin and the bank closed my account. i couldn't sleep thinking maybe i had broken the law and they were about to kick down my door to shoot me and my dog. thank you.


Title: Re: question about selling mined coins.
Post by: HELP.org on October 11, 2014, 08:14:30 PM
No, I got a FinCEN ruling last year:

http://cointext.com/fincen-issues-bitcoin-friendly-ruling-for-miners/

ahhh thank you so much!! i tried to sell a coin and the bank closed my account. i couldn't sleep thinking maybe i had broken the law and they were about to kick down my door to shoot me and my dog. thank you.

What did you do?  Link your account to Coinbase or Circle?


Title: Re: question about selling mined coins.
Post by: Death on October 11, 2014, 09:10:37 PM
No, I got a FinCEN ruling last year:

http://cointext.com/fincen-issues-bitcoin-friendly-ruling-for-miners/

ahhh thank you so much!! i tried to sell a coin and the bank closed my account. i couldn't sleep thinking maybe i had broken the law and they were about to kick down my door to shoot me and my dog. thank you.

What did you do?  Link your account to Coinbase or Circle?

Can't say. But it was a Canadian bank.