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Nope, but if you started a business where your friends gathered to sell each other large enough quantities of bitcoin for cash you would be. (Edited to add tha
by roguecoder 9y ago
Nope, but if you started a business where your friends gathered to sell each other large enough quantities of bitcoin for cash you would be.
(Edited to add that IANAL and none of this is actually legal advice.)
- HappyTypist 9y agoYou are wrong, selling any amount of bitcoin for money is considered money transmission and is a crime without licensing.
- bbcbasic 9y agoSurprising. I thought Bitcoin is classed as a commodity. So if I sell some copper for cash, or a second hand book is that considered money transmission?
- Mendenhall 9y agoPlease link to some information.