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0answers
20 views

As of 2016-June - Which companies are registered with the NYC Bitlicense?

As of today 2016-June - Which companies are registered with the NYC Bitlicense? I heard that only 2 were given these licenses while everyone else is just waiting. Why and how did these few select ...
2
votes
1answer
36 views

Rolled out my own no-fiat service. What will the tax man need?

Background: I have programmed my own service using https://bitcore.io and I have a limited company set up in the Uk! My company's original intention was to deal with Paypal transactions. (but we are ...
5
votes
1answer
40 views

Which country has the most friendly regulatory environment? [closed]

There has been a lot of discussion of the most oppressive jurisdictions. Which countries have taken notice of these failures and have set up the best regulatory environment to attract Bitcoin related ...
0
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0answers
8 views

Building a Bitcoin reoccurring payment service in NYC. Do I need a Bitlicense?

I'm working on a Bitcoin reoccurring payment service and I reside in NYC. My application takes in Bitcoins and redistributes it back out to X number of bitcoin address of your choosing. Use cases ...
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0answers
57 views

Is there any come back when an exchange goes bust?

I had .95btc in cryptsy. The exchange is now bust with intermittent updates from 'big Vern'. The authorities don't seem to care, fellow crypto enthusiasts just say things like, 'oh how stupid, ...
2
votes
1answer
47 views

Has the BitLicense affected other U.S. state regulators' actions?

What aspects of New York's new BitLicense have most affected New York-based companies already? How have California and other states who are planning BTC policy learned from New York's example? (For ...
3
votes
1answer
172 views

What regulations are in place for Bitcoin in California?

I'm looking for information on Bitcoin regulation for companies. Since Bitcoin is commodity, if you are a company and selling bitcoins you need to have license. What are the licenses and regulators ...
1
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2answers
89 views

Bitcoin exchange platforms and foreign exchange regulations

I'm wondering how cryptocurrency exchange platform adapt to country regulations where foreign exchange is forbidden (especially where sending money outside is forbidden). How they could buy Bitcoin ...
2
votes
1answer
322 views

Is there any regulations on buying and selling Bitcoin on eBay?

I see a lot of people selling Bitcoin on eBay. Since the government began regulating exchanges, are there any rules you have to follow now to sell Bitcoins on a site like eBay? Additionally, are there ...
5
votes
2answers
549 views

Are Bitcoin / Cryptocurrency free & paid “Faucets” illegal in the USA?

I was wondering if Bitcoin faucets were illegal in the USA? What about a paid bitcoin faucet where you pay in other coins to get a few cents worth of BTC?
1
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1answer
72 views

Bitcoin trading: security

I have seen different trading websites on Bitcoin and a question came to my mind: Security Why do they require so much identity verification? If I remember correctly MtGox (despite what later ...
3
votes
3answers
106 views

If most G20 nations ban bitcoins, would that effectively kill bitcoin?

If the G20 nations (or most of them) ban bitcoins doesn't this effectively kill bitcoin? My thinking is that a normal person would no longer have any means of converting bitcoins to the local currency....
0
votes
2answers
61 views

How does the network decide the appropriate rate at which to create bitcoins?

In the debt based fiat system of currency currently being monopolized, the amount of money added into circulation can cause it to deflate or inflate in value. How does the network calculate the ...
1
vote
1answer
374 views

What states is Kraken doing business in

Is there a list of states that the kraken exchange is currently doing business in?
1
vote
1answer
456 views

What are the “Know Your Customer” challenges that Bitcoin faces?

Can anyone explain what KYC (Know Your Customer) regulations are "missing", tough or impossible to implement with Bitcoin? I will offer a bounty to the most detailed answer (However this question is ...
25
votes
2answers
931 views

What does the US government do with seized coins?

It was reported today that the US government shut down the web site Silk Road, where people bought and sold things (allegedly including illegal drugs) using Bitcoins. The operator was arrested, and ...
2
votes
1answer
240 views

Do private people mining or exchanging Bitcoin with Fiat fall under FINCEN's definition of “user”?

Fincen's March 2013 report defines: A user is a person that obtains virtual currency to purchase goods or services. An exchanger is a person engaged as a business in the exchange of virtual currency ...
18
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7answers
6k views

Do USA-based miners need to register with FinCEN?

As seen in recent news, FinCEN has issued a statement on its classification of virtual currencies: http://www.fincen.gov/statutes_regs/guidance/html/FIN-2013-G001.html Hypothetically suppose I mine ...
3
votes
5answers
714 views

What money transmission licences are relevant to Bitcoin?

Tradehill was shutdown for various regulation issues, including not having the required money transmission licenses. What were the money transmission licenses that were required? What other ...
6
votes
2answers
155 views

What is a brief summary of the ECB's report on virtual currency?

On 29th Oct 2012, the European Central Bank released this report on virtual currency. What is a summary of its comments on Bitcoin?