Quote from: Viceroy on June 01, 2013, 02:57:17 PM

Quote from: SEC agent on May 31, 2013, 10:58:58 PM

I would also avoid using one of the unlicensed exchanges to cash back into USD because of their non-compliance with various laws and regulations.

Can you name such exchanges? Are there ANY exchanges that are licensed or is there any known legal way to convert btc to usd? A miner can't even sell btc to his best friend for "cash" can he?

I would think you'd have no problems selling things like amazon gift cards or home depot gift cards but cash in the mail seems sketchy, right? and wires?

You can with coinbase

edit: Coinbase is registered as an MSB

My questions:
As a user do we have anything to worry about?
As a miner do we have anything to worry about?

Things that I do with bitcoin:
buy bitcoin, buy stuff with bitcoin, mine bitcoin
I purchased 10 "shares" of a group buy for KnC miners, they went "public" with an IPO on bitfunder, I was issued 1000 shares of the group buy.

Are any of these activities illegal?