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.