Post
Topic
Board Legal
Re: FinCEN's definition of a Money Exchanger
by
buyer
on 14/06/2013, 07:59:30 UTC
I was noticing that you can sell gift cards for cash.  Isn't this the same as selling Bitcoin for cash?  Is FinCen coming down on these guys like they are on Bitcoin?

http://www.dailyfinance.com/2013/02/15/unwanted-gift-cards-5-ways-cash-in/


yes.  in America selling "money value transfer" cards requires registration with fincen and state agencies.  This is why drug stores limit the number and amount of "gift cards" you can buy per visit.