Quote from: DeathAndTaxes on October 23, 2012, 05:39:27 PM

For example the largest retail gold buyer in the US (APMEX) doesn't have a money transmitter license (or any MSB license). They buy "purchasing a valuable" (gold) and pay sellers via a transmission (ACH or bank wire).

Do they sell gold too?
If buying and selling gold doesn't require this license, I fail to understand why buying and selling bitcoins would.

Quote from: Flowz on October 23, 2012, 06:17:05 PM

What if you own an island on international waters and you would "run" you business there.

Would you be subjuct to some sort of international law?

IANAL, but I used to follow the discussions on seasteading. There's no natural island that's not claimed by a state, so there's no "international island"*. A vessel in international waters is supposed to carry a flag of a sovereign state, in which case it should follow the laws of this state. A vessel not carrying a recognized flag may be treated as a pirate vessel.

The bottom line is that, while you may manage to acquire a lot of freedom by "settling" in international waters, potentially more freedom than anywhere else in land, you also may just be attacked if you provoke large governments enough. I can't tell you if "anonymous banking" is provocative enough, but it's among the things the seasteading institute advises not to attempt (see page 15 of this document).

* Antarctica might be an exception. But states do have a sort of agreement concerning Antarctica. I don't think you could just build your new state there. And even if you could... I don't think you'd find many people willing to join you. Cheesy