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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
55 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
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1answer
45 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
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1answer
165 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 ...
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2answers
87 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
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1answer
318 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 ...
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2answers
529 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?
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1answer
71 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 ...
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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 ...
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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 ...
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1answer
361 views

What states is Kraken doing business in

Is there a list of states that the kraken exchange is currently doing business in?
1
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1answer
449 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
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2answers
929 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 ...
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1answer
239 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 ...
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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
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5answers
708 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 ...
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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?