Post
Topic
Board Trading Discussion
Re: FinCEN says you must be MSB if you sell bitcoins for $
by
DeathAndTaxes
on 23/10/2012, 12:59:11 UTC
I didn't have to insist on anything. They were really professional. The person I was speaking with thought the question was really interesting and importnat to answer correctly. He asked me a lot of questions about who would use bitcoins, why, and what kind of a business model I was considering. I did need to explain how bitcoin was not a ponzi scheme and how that despite the lack intrinsic value people still assign them value.

So what class of MSB activity did the regulatory say buying bitcoins fall under?