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Topic
Board Beginners & Help
Re: Offering PayPal for Bitcoin? You're likely to be labeled a scammer - Read why
by
TheButterZone
on 02/05/2013, 22:23:27 UTC
You may not use the PayPal service for activities that:

...

    relate to transactions that involve currency exchanges


That would require someone to officially recognize Bit-coin as a bona fide CURRENCY. Otherwise you are just buying and selling non tangible goods and computer bit strings, which, if paypal says you can't do with bitcoin, then you also can't do it with say a .Mp3 as well?

FinCen; virtual currency.

And who officially recognizes it as such enough for Paypal to be able to class it as one?

Since when is PayPal immune from FinCen? Stop acting like you can beat assholes at their own game.