Hi I have a question about using bitcoin. If I run a website where I buy bitcoin from users globally but I don't sell any, do I need to register as a money transmitter or money services business even though I am only buying bitcoins? Does such a website count as an exchange?
It depends upon your business model, if any, and what you intend to do with the BTC.
George D. Greenberg, Esq.
www.attorneybitcoin.com