Thank for taking the time to do this as many of the laws regarding this can be rather confusing and complex.
As for my question:
If i start a mining farm operation in the Midwest (Indiana or Michigan) do I need to get an MSB license. From my understanding of FINCEN I would not need one as long as I am NOT providing a service or selling to an individual. If the company exchanges the crypocurrency for Fiat on Coinbase, which has a MSB license, would we be covered by proxy since we are not actually selling to an individual or providing some service to others.
A following up question would be in regards to using NiceHash. Since Nicehash sells hashing power to an individual, you as a miner are technically providing a service for someone, thus needing an MSB license. So at that point would we not be able to use Nicehash. or am i misunderstanding this?