Quote from: BTCINVESTOR on March 19, 2013, 05:35:51 AM

Quote from: dgray9000 on March 19, 2013, 05:27:44 AM

Quote from: Holliday on March 19, 2013, 05:16:57 AM

Quote from: dgray9000 on March 19, 2013, 05:14:36 AM

I am a miner, if I use Mt. Gox to trade BTC and USD back and forth (to make more money) will I have to get a money transmitter license as long as i keep it under $1000 of trades per day?

No.

Thank you, was seriously worried about this. Also if I do more than $1000 per day in trading would I have to get a license right? I think I would if I'm understanding the FinCEN document correctly

Very doubtful. Of course it depends on volume and some other things, but you will not hit any radars easily. ;^}

Are you sure you know what you are talking about?

You are saying that he incurs no liability if he can avoid compliance radars?

I read the FinCEN statement and I read it as saying each individual is a money transmitter and is responsible for filing.

With the shit coming with global economic collapse and rabid tax authorities in near future, I would not try to skirt the edge of the literal statements.