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Good catch. Looks like miners can only avoid being classified an MSB if they use their mined coins to buy goods and services. If they simply convert them to cas
by wilfra 14y ago
Good catch. Looks like miners can only avoid being classified an MSB if they use their mined coins to buy goods and services. If they simply convert them to cash, they'll have to follow the regulations.
- AnthonyMouse 14y agoSo what happens if they mine bitcoins and use them to buy some commodity which they immediately resell for dollars?