you ignore the facts.
Coinbase is registered with FINCEN as being MSB for
ALL THE USAhttp://www.fincen.gov/financial_institutions/msb/msbstateselector.htmlWhat does mean? It means they admit the fact that they are MSB in all the US. Are they licensed in all the US? No, they are not.
Let's take the
New York state. Make a search on internet: "bitcoin unlicensed money transmitter". See what you can find and then you come to comment
Before searching, I will tell you what you will see; something like :
2 year prison term for bitcoin unlicensed money transmitter Now, see
Florida : "
charged with felony violations of Florida’s law against unlicensed money transmitters — which prohibits “currency or payment instruments So, Coinbase is operating illegally New York and Florida. These are only 2 cases. But they operate illegally in many other states
The law MUST be for everybody.
Maybe you just don't know, maybe you're just a ravaging moron. Who knows, but as people in this thread have said over and over.
California is a grey area, they haven't decide whether to regulate virtual currencies or not, so Obviously, operating as an exchange in California wouldn't be illegal, it'd just be slightly risky.