Post
Topic
Board Legal
Re: FinCEN guidance: BIG application to U.S. Miners
by
jgarzik
on 19/03/2013, 06:19:37 UTC
Looks like mining and converting BTC to USD is now illegal unless you are a licensed corporation with hundreds of thousands for licenses and bonding requirements. Shocked  

Hardly.  US miners will just have to AML/KYC with a regulated US bitcoin exchange, to get US Dollars.

It is also doubtful that regulators even care about small time miners.

Pool operators might be a grey area, on the other hand.