Federal law does NOT regulate the individual buying and selling of bitcoin. It's clear that you don't know the law, I agree.
Look of the definition of Sole Proprietor in ANY state.
To your further snotty comment, perhaps you should actually read my posts. I call out scammers regularly. In this case I'm warning the world of the dangers of dealing with non-licensed money transmitters like yourself. I stated publicly that ALL non-licensed entities like your will soon be shut down... seeking that post now...
In my search I came across this EXCITING NEWS:
https://bitcointalksearch.org/topic/2013-05-21-bitcoin-magazine-bitinstant-licensed-money-transmitter-in-30-states-214056Look, somebody who actually follows the law KUDO'S BITINSTANT!
Kudos to Bitinstant? You must be joking. You realize that they are effectively a ponzi scheme, correct?
https://bitcointalk.org/index.php?topic=128314.1060 - Their 352 page "support" thread detailing massive delays that has only calmed down because they started telling people that they must deal with the company via email in order to receive any assistance at all
https://bitcointalksearch.org/topic/m.2228559 - Something I found, they are actually purposely scrambling API client fields so that any user of the API would have every transaction infinitely delayed while they "hold" the money (pay this money out to other unfunded transactions, because they have a massive hole in their books). I was told that this issue had been forwarded to Gareth. No response, no fix after almost a week (because they are doing it on purpose).
So don't come in here and try to defame legitimate companies in favor of those giving Bitcoin a bad name with your jailhouse lawyer nonsense. FC4BTC, like you, buys Bitcoins. Unlike you, they have lawyers that have given them the green light. You actually posted in here saying
'If I were a betting man I would bet that lawyers said "you had better register as a money transmitter" and D&T said "naw, I like the money I'm making and that would cost millions".'. I'm sorry, but your guesses about the interactions between a lawyer and a private company that you have nothing to do with are not a basis for argument.
You are trying to steal business from a company that is undoubtedly infinitely more successful than you. You want to make money in arbitrage, but there are much easier ways to do so than spamming people via PM asking if they want to sell you BTC. If
I were a betting man, I would bet that you have spammed via PM every single person that has posted in this thread saying that they have completed a transaction with FC4BTC, asking if they want to sell to you - based at least in part on your dubious legal theories. Try to scare their customers, and get them to sell to you. Nice strategy, but based on the level of desperation I see in your posts, I'm guessing that it isn't working especially well.