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Author Topic: question about selling mined coins.  (Read 1227 times)
Death (OP)
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October 10, 2014, 09:35:54 PM
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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.
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Whoever mines the block which ends up containing your transaction will get its fee.
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goozman96
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October 11, 2014, 04:33:59 PM
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No. You can sell coins on Coinbase or any similar exchange relatively easily. You should be fine.

BTC: 19DKtsdGfQyFzNiEze9KuFQrWGiLDvg6F1 | LTC: LbV6UGyjYbVP49NvQFmuAnkADcaFYvNagK | NMC: NDCdMJmTmGH54Cezmo3CwSxAC7grAoZJbj
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October 11, 2014, 04:39:18 PM
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No, I got a FinCEN ruling last year:

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

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October 11, 2014, 08:06:47 PM
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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.
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October 11, 2014, 08:14:30 PM
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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?

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October 11, 2014, 09:10:37 PM
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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.
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