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May 27, 2013, 03:16:04 AM |
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Would you care to expand on your comment "the general consensus at the Bitcoin Conference that simply registering as an MSB with FinCEN is not enough to operate legally."
From a legal perspective, what is missing? Anything to do with state-by-state KYC compliance. Just curious because I am thinking of trying my hand at an exchange, but I don't want to ruin my life doing it.
An aside, I am sick of the intrusion by the banks and governments. If I send money from my bank to Dwolla - it seems to me that there should be some sort of flag that says the money is legitimately earned and already taxed and should not have to be reported to these A-HOLES again and again everytime I move the money around. A strong Bitcoin economy (where we don't have to cash out to USD) can't come soon enough for me.
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