Post
Topic
Board Trading Discussion
Re: FinCEN says you must be MSB if you sell bitcoins for $
by
optimator
on 24/10/2012, 18:19:51 UTC
Why isn't gold regulated in this manner? (Especially, since you even have legal tender gold coins...)
They are. Thanks to the Patriot Act, gold dealers are financial institutions and are subject to FinCEN AML regulations.

Thanks, I should have googled first. A quick google search reveals there's a threshold of $50,000 for gold / jewelry dealers to be covered by the regulations. I'm not sure if this has since be amended.

http://www.fincen.gov/statutes_regs/guidance/html/faq060305.html