You may or may not be aware: we have applied within the required timeframe and have a provisional license to trade bitcoins for cash legally with in and out of state residents and businesses alike! If you never plan to visit or do business in the US, then by all means sell as much bitcoin to NY residents as you want. I haven’t seen a clear definition of this term but if you look at some of the FinCEN rulings you get the impression that being an MSB has to do with acting as an agent in a transaction between other parties. The investment clause exempts the buyer, not the seller. Ask your question. For example I wouldn’t put much stock in an analysis of the Federal MSB regulations that didn’t explicitly take into account the various FinCEN rulings that have also been published on them.
First, get yourself a bitcoin wallet
We understand that buying bitcoins yow be extremely confusing and frustrating. Luckily for you, this site has ample information to help make buying bitcoins easier for you. Below, we listed exchanges you can use to purchase BTC. We suggest our listed exchanges and doing your own research before making your final decision. Certain exchanges are simply there to steal your personal information or rob you of your bitcoins.
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But how? This guide will tell you what you need to know. Depending on the security levels you want, different wallets will provide different levels of security. Some act like everyday spending accounts and are comparable to a traditional leather wallet, while others tout military-grade protections. For more on storing bitcoins, see our guide on the subject.
How to use coinBTM in New York City
Exchanges and Online Wallets
LBC’s warning is correct, as is another poster. Beware of politicians. Yes exactly. Before proceeding with either transaction, most un ATMs require identity verification. Click here to cancel reply. I don’t trade btc — I only use and my cold storage coins have been sitting offline for 2.
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