Quote from: Lohoris on September 21, 2014, 09:47:49 PM

Quote from: stevegee58 on September 21, 2014, 06:43:19 PM

Meh. The Feds only care about the big guys. Those they'll notice and regulate. They won't bother with the guys exchanging BTC for USD in a Starbucks.

Wishful thinking.

Remember that kid in grade school who would get caught doing something then would immediately start naming all the other people who hadn't been caught to get them in trouble too?

Apparently most adults never emotionally mature beyond the grade school level, or at least enough of them don't that the feds can count on somebody complaining about the people exchanging BTC for USD in a Starbucks to give them an excuse to take action.

http://contrariancompliance.com/2014/09/19/us-money-transmission-laws-are-worthless-and-unconstitutional/

Quote from: Aaron Greenspan

so far the only company subjected to it appears to have been mine. The vast majority of my competitors operate today without a license in any state, or operated for years without them until I sued them in federal court.