Quote from: tagged on April 08, 2014, 10:22:57 AM

Quote from: BenAnh on April 08, 2014, 03:58:41 AM

Quote from: tagged on April 07, 2014, 06:20:58 PM

Quote from: BenAnh on April 07, 2014, 03:41:28 PM

Quote from: illymillz on April 07, 2014, 01:47:37 PM

Messaged BenAnh about the cash deposit directly into his account. Got a response asking for my name and information as well as to let him know when I was ready to give him money. Although I asked that we remain in escrow and you don't need any of my information for a cash deposit he has yet to respond.

For newbies, KYC and Anti-Money Laundering! If you're legit no need to worry if not then you should.

are you a registered MSB? In what state? Also registered with FINCen?

You don't want to get arrested like those guys in FL. Yes if I deal in bulk it's got to go through NY!

You know the guys arrested in FL were not arrested just because they sold Bitcoin right? You also know that if someone in FL buys from you that your NY MSB License does not help you a bit? If you are doing this as a business you need to be registered in every state that you sell too?

Are you just selling to people local in NY? If you are trying to confirm KYC you would need to know that the person that you KYCed is actually the person making a deposit into your account. If someone else makes a deposit into your account on behalf of the person you KYCed then you really have not established any KYC at all? Why ask someone who is going to make a deposit into your checking account any information at all since you cannot establish that you know for a fact that that same person made the deposit? And if you are not registered in the state that they make the deposit in, why try to KYC them at all? If you are a business and doing a transaction in a state that you are not licensed in you are already breaking that states laws.

For the very few transactions that you did on Localbitcoins did you ask for ID on those transactions? Do you plan to in the future?

I am sorry to question you but again, this community needs to self regulate, and statements you make still do not add up for me, I would proceed with caution.

Emphasizing again, bulk orders meaning anything above 25+ BTC YES I need the information from you but less than that I have some workarounds. If you trade with me you will know since we have never traded before you can certainly speculate based on your guess as best as you can and it will never right!