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Maybe I'm missing something, but doesn't this mean Reddit has to register as a money transmitter (I.E. what Mt. Gox didn't do)?
by josh2600 13y ago
Maybe I'm missing something, but doesn't this mean Reddit has to register as a money transmitter (I.E. what Mt. Gox didn't do)?
- DanBC 13y agoYou can't use Reddit to cash out your Bitcoins to dollars. This isn't something that reddit is doing, it's something that reddit users are doing on reddit.
- mtgx 13y agoI don't think so. The users are sending Bitcoins, but Reddit is only receiving dollars. It's the merchant account provider, Coinbase, that might have to do that.