Wow DH, that is a wealth of information. I couldn't have asked for a better response. Thanks a ton. Gives me a lot to think about right now. I'll heed the warning and probably talk to a lawyer if I decide to continue.

looks like it was $3MM in 18 months!

http://www.pantagraph.com/news/local/crime-and-courts/b-n-man-sentenced-for-illegal-bitcoin-operation/article_30069152-125b-5ef1-8d19-e8f8176678de.html

Right now I'm only doing about $5k volume per month, but I'd like to get up to doing like $50k volume per month.

Hi, are folks who sell coins in illinois registering as a "licensed money transmitter"? I just got into selling coins (low volume right now) and I came across an article from a while back of a guy in Normal who was sentenced to 4 years in prison for selling coins because he wasn't licensed. Has me a little worried. Do I need to register as a licensed money transmitter? Are other folks in Illinois getting licenses?