I was wondering if its legal to sell bitcoins for cash in person using localbitcoins? I think it would be if I declared all income on my taxes. I wouldn't be a money transmitter as I would be receiving or giving the cash directly/in person. What are your thoughts on this?
What laws do you think you might be breaking by doing this? I certainly can't think of any that you might be breaking.
If its a very large amount money laundering, transacting without a license, not declaring personal income and taxable income and similar sorts of things.
Probally the stuff they charge drug dealers with lol.