Post
Topic
Board Legal
Re: Is it illegal for me to sell my Bitcoins?
by
Victorycoin
on 28/11/2016, 03:16:40 UTC
I heard that some people have been arrested and charged with "transmitting money without a license" for selling Bitcoins.

Does this mean it is illegal for me to sell my Bitcoins?

Those are companies that are engaged in buying and selling of coins and you would know the authorities are very much interested in knowing  who bought what and who sold what, especially the high volume ones. The spends with high volumes draws much attention from the authorities because they would want to establish and ascertain source of fund. Anti money laundry policies are not really targeted at cryptocurrencies, but on any valuable asset out there.