Bitcoinpro
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June 12, 2013, 04:51:23 AM |
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FinCEN have said the opposite this thread is defamation against FinCEN http://en.wikipedia.org/wiki/Defamation |
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jackjack
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May Bitcoin be touched by his Noodly Appendage
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June 12, 2013, 07:32:53 AM |
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fincen = USA What about the other 95% of the population  Yeah mate, think too many on here and the US gov seems to forget there's a big wide world out there outside of the USA. Also funny that most of these exchanges base themselves in the US.....dat just askin for trouble. 2013-04-11 Israeli banks limit money connected to bitcoin. https://bitcointalk.org/index.php?topic=173108.0Israel being the 51st state, it's not surprising at all |
Own address: 19QkqAza7BHFTuoz9N8UQkryP4E9jHo4N3 - Pywallet support: 1AQDfx22pKGgXnUZFL1e4UKos3QqvRzNh5 - Bitcointalk++ script support: 1Pxeccscj1ygseTdSV1qUqQCanp2B2NMM2 Pywallet: instructions. Encrypted wallet support, export/import keys/addresses, backup wallets, export/import CSV data from/into wallet, merge wallets, delete/import addresses and transactions, recover altcoins sent to bitcoin addresses, sign/verify messages and files with Bitcoin addresses, recover deleted wallets, etc. |
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KSV
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June 13, 2013, 08:52:26 AM |
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fincen = USA What about the other 95% of the population Also funny that most of these exchanges base themselves in the US.....dat just askin for trouble. Well not really. The problem is, even if you are based OUTSIDE of the US, how do you accept USD deposits. And how do you send them when they are withdrawn. That's why Mt.Gox had trouble in the US, they still had accounts there, even though they aren't based there. So, how does an exchange get around that? And why do you even need to accept USD?...hell I've been in btc from early on, never seen or touched a USD in my life. Simple don't trade in USD like 95% of the worlds population  simple, USD has to be wired out the country to be exchanged into BTC. |
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KSV
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June 13, 2013, 08:52:50 AM |
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fincen = USA What about the other 95% of the population Yeah mate, think too many on here and the US gov seems to forget there's a big wide world out there outside of the USA. Also funny that most of these exchanges base themselves in the US.....dat just askin for trouble. 2013-04-11 Israeli banks limit money connected to bitcoin. https://bitcointalk.org/index.php?topic=173108.0Israel being the 51st state, it's not surprising at all Puerto Rico is the 51st state. . . |
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Stampbit (OP)
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June 14, 2013, 01:35:26 AM |
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OP updated for clarification, its not nice to call people trolls who choose not to think for you.
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joesmoe2012
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June 14, 2013, 03:33:30 PM |
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This is not true. Nothing in FinCEN prevents you from trading Bitcoins for other cryptocurrency or for FIAT as long as you are acting on your own behalf (i.e. not a business).
The actual method of trading whether centralized or decentralized or meeting at your mom's house has no bearing.
FinCEN applies to US companies which act for consumers as a money services businesses - think Western Union - it doesn't apply to individuals.
You should claim and pay taxes on all income when / if you convert to FIAT.
If selling Bitcoins for cash was illegal so would selling your used gpu or your grandma's antique furniture.
This post is full of inaccuracies. I suggest you stop posting and start reading. |
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esenminer
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June 14, 2013, 07:43:00 PM |
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This is not true. Nothing in FinCEN prevents you from trading Bitcoins for other cryptocurrency or for FIAT as long as you are acting on your own behalf (i.e. not a business).
The actual method of trading whether centralized or decentralized or meeting at your mom's house has no bearing.
FinCEN applies to US companies which act for consumers as a money services businesses - think Western Union - it doesn't apply to individuals.
You should claim and pay taxes on all income when / if you convert to FIAT.
If selling Bitcoins for cash was illegal so would selling your used gpu or your grandma's antique furniture.
This post is full of inaccuracies. I suggest you stop posting and start reading. All this information is from the FinCEN advisories - what else do you suggest I read? In fact the latest out of FinCEN confirms everything I have said: http://www.fincen.gov/news_room/speech/pdf/20130613.pdfWhich points are inaccurate? |
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prophetx
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Activity: 1666
Merit: 1010
he who has the gold makes the rules
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June 17, 2013, 09:24:40 AM |
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Well not really. The problem is, even if you are based OUTSIDE of the US, how do you accept USD deposits. And how do you send them when they are withdrawn.
That's why Mt.Gox had trouble in the US, they still had accounts there, even though they aren't based there.
So, how does an exchange get around that?
And why do you even need to accept USD?...hell I've been in btc from early on, never seen or touched a USD in my life. Simple don't trade in USD like 95% of the worlds population simple, USD has to be wired out the country to be exchanged into BTC. I guess you have never heard of USD denominated checking accounts in non-USA based banks have you... they have been around for decades. |
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