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Is there a person or business that does not exchange US Dollars for goods/services? Any reasonable person would understand it to mean exchanging for foreign cu
by axus 13y ago
Is there a person or business that does not exchange US Dollars for goods/services? Any reasonable person would understand it to mean exchanging for foreign currency. Mt.Gox does not transmit dollars (or euros, etc) from one person to another. Every transaction involves a trade of bitcoin for a currency, or returning the currency (of the original type) to the original account holder.
- michaelt 13y agoIf we rearrange the quote from the article: "Does your business accept funds from customers and send the funds based on customers' instructions (Money Transmitter)?" Most businesses accept funds from customers, but few outside the financial services industry transmit the funds based on customers' instructions (assuming refunds and gift cards do not count).