lets entertain the troll accusing scams at every juncture. Especially with a lie in their statement. my username gives out my identity and my BTCJam has more. I am not hiding behind pseudonyms like nefario or pirate. and i have never refused anything. I was told only drug dealers need anonymity and anyone with a legal business plan should not hide behind pseudonyms and should not avoid using middlemen like btcjam to protect investors. read my posts.. I have been honest. I am not going to make up a dodgy pseudonym like pirate. Then prance about on forums for months trolling just to get 1000's of posts to seem legit then have a sudden eureka moment abut a business. nor am i gong to do penny loans to buy reputation. As that is all fake. I have a business plan and I want to get it started now not in 3 months of trolling to fake credibility. i am starting to see why BFLJOSH aka INABA gets frustrated at trolls when its obvious they are delivering products.
now the entertainment is over, onto the serious questions
The AML/KYC is half American legal terminology. But lets deal with it anyway. those other Bitcoin services that used these terms as excuses to shutdown, were just that, excuses. notes from what my advisor said was that unless my business sold illegal materials direct or advertised it would exchange tainted drug money for clean freshly mined coins for a profit cuts, i am fine.
basically unless i deal direct with illegal products or knowingly accept funds direct from illegal activities then i would be monitored. he also mentioned that for instance if a drug dealer on the street done a drug deal in FIAT, walked into a store and bought a pack of cigarettes and beer using the drug money. would the store owner be arrested for laundering drug funds.
If all these legal scare stories from other companies running off with your funds were actually true, then bitinstant would have been up shit creek without a paddled months ago. I want to be like bitinstant. sailing the sunny sea's of profit, not pretending to be up shit creek without a paddle while running to a deserted island with a treasure chest of gold (pirate analogy
)
bitcoins are not illegal, I was also informed that it is a known fact that 1 in 10 fiat notes in circulation (excluding direct from ATM's) may have drugs residue on them. airports have highlighted this when they do their drug testing on money.
now the entertainment is over, onto the serious questions
The AML/KYC is half American legal terminology. But lets deal with it anyway. those other Bitcoin services that used these terms as excuses to shutdown, were just that, excuses. notes from what my advisor said was that unless my business sold illegal materials direct or advertised it would exchange tainted drug money for clean freshly mined coins for a profit cuts, i am fine.
basically unless i deal direct with illegal products or knowingly accept funds direct from illegal activities then i would be monitored. he also mentioned that for instance if a drug dealer on the street done a drug deal in FIAT, walked into a store and bought a pack of cigarettes and beer using the drug money. would the store owner be arrested for laundering drug funds.
If all these legal scare stories from other companies running off with your funds were actually true, then bitinstant would have been up shit creek without a paddled months ago. I want to be like bitinstant. sailing the sunny sea's of profit, not pretending to be up shit creek without a paddle while running to a deserted island with a treasure chest of gold (pirate analogy
)bitcoins are not illegal, I was also informed that it is a known fact that 1 in 10 fiat notes in circulation (excluding direct from ATM's) may have drugs residue on them. airports have highlighted this when they do their drug testing on money.