Quote from: leezay on July 21, 2014, 02:32:51 PM

Quote from: thriftshopping on July 20, 2014, 09:59:56 PM

Quote from: LostDutchman on July 20, 2014, 09:00:19 PM

Quote from: PinkRanger on July 20, 2014, 06:24:12 PM

Quote from: LostDutchman on July 20, 2014, 05:14:52 PM

Quote from: 98problems on July 20, 2014, 03:23:47 AM

Quote from: BoxControl on July 18, 2014, 05:45:12 AM

Quote from: leezay on July 18, 2014, 05:42:11 AM

Getting harder to cash out large sum of bitcoin as all exchanges are now regulated.

Local Bitcoins then?

LBC sellers are technically suppose to comply with AML regulations, although many of them do not do so. You would probably need to sell over several trades if you wanted to cash out a large amount.

LBC users are in no way at all required to comply with AML regs any more than the seller of a used car is required to do so.

I have read news reports that LE has charged LBC sellers with AML violations when they sold to people who we're claiming to be using the bitcoin for illegal purposes

Fine.

Where's the beef?

Show us the links!

And please tell us just how a transaction which might appear to be illegal on it scae compares with a perfectly legal transaction between two ordinary citizens.

oh

It's "were" not "we're".

Wink

I have seen the report to. It was in Miami, this guy was charging 30%+ markup on trades to people. An undercover cop told the seller that he was going to use the bitcoin for illegal purposes and he was arrested for violating AML laws. I have also seen on the FinCen website that anyone who transmits any amount of financial instruments must follow AML laws.

Should be wary of buyer paying 30% premium.

I'm going to go ahead and get my book written so you guys and dolls can learn how to get around all thiese silly-assed "regulations".