Topic: Is FastCash4Bitcoins.com breaking the law? (Read 1479 times)
I hope he does reopen and it is shown that he is compliant because personally I want a legit, honest place to exchange (not to trade because I do not trade, but just to exchange). He actually has some of the more economically sound posts on here and seems thoughtful. I am not sure why VR has such a large bug up his ass for him.
It's fantastic that you have an opinion. Thank you for sharing.
That is not my "opinion" by any stretch of the imagination. Your normalcy bias and attempts at dominating the narrative here by classifying things as "legal" and "illegal" are falling on deaf ears. Who exactly is paying you to extract "opinions" in this forum?
No, I do not have an axe to grind. I am questioning all exchanges/traders/ponzi-like unregulated things. My question is honest, is he breaking the law or not?
FWIW I like that D&T registered as an MSB. I believe the only way for bitcoin to thrive is for all merchants to be transparent, honest and regulated as required by their respective government.
FWIW I like that D&T registered as an MSB. I believe the only way for bitcoin to thrive is for all merchants to be transparent, honest and regulated as required by their respective government.
A question for you sir.
Do you have an outstanding issue or problem with FC4B ?
I will point out that at the moment your opinion is diametrically opposed to the only opinion that counts right now... the opinion of the Commonwealth of Virginia who appears to be trying to determine if D&T broke the law or not.
It's fantastic that you have an opinion. Thank you for sharing.
It's fantastic that you have an opinion. Thank you for sharing.
No, I do not have an axe to grind. I am questioning all exchanges/traders/ponzi-like unregulated things. My question is honest, is he breaking the law or not?
FWIW I like that D&T registered as an MSB. I believe the only way for bitcoin to thrive is for all merchants to be transparent, honest and regulated as required by their respective government.
You are "FWIW I like that D&T registered as an MSB. I believe the only way for bitcoin to thrive is for all merchants to be transparent, honest and regulated as required by their respective government.
Quote
...questioning all exchanges/traders/ponzi-like unregulated things.
"
??Tying your fucking shoes is unregulated too you ninnying pansy.
He's not hurting anyone and he's not causing harm to anyone's person or property therefore he's not "breaking the law".
I believe the only way for bitcoin to thrive is for all merchants to be transparent, honest and regulated as required by their respective government.
Spock disagrees.
No, I do not have an axe to grind. I am questioning all exchanges/traders/ponzi-like unregulated things. My question is honest, is he breaking the law or not?
FWIW I like that D&T registered as an MSB. I believe the only way for bitcoin to thrive is for all merchants to be transparent, honest and regulated as required by their respective government.
FWIW I like that D&T registered as an MSB. I believe the only way for bitcoin to thrive is for all merchants to be transparent, honest and regulated as required by their respective government.
Do you have an axe to grind? Honest question.
Viceroy, stop being such a dick and mind your own business.
Snitches get stitches.
Or so I've heard.
Or so I've heard.
That thread was erased when the site shut down.
Are you really posting yet ANOTHER thread on this? Why can't you just ocntinue to use the thread you already started...?
what's wrong with a workaround
So this guy started a website called FastCash4Btcoins.com. It was a good idea and he gathered quite a following. Then when the Federal Government (FinCEN) came out with their guidance he did the right thing and he filed to become an MSB. Only he never bothered finishing the filing process in his home state and they forced him to shut down.
So he shut down.
But now before he hears back from his state regulators he is deliberating starting up operations again under a new corporate name and in a new state and even a new country.
Here's his post from August 1:
https://bitcointalksearch.org/topic/m.2848889
When I tried to ask the following question he removed my post:
Will people in these locations also be barred from buying bitcoins?
Yes. We will be not engage in any transaction (purchase or sale) with residents of restricted locations.
You said you are rescinding the MSB, does this mean you will no longer be offering any services to Americans? Or are you filing a new one and only offering service to people in south carolina?
So he shut down.
But now before he hears back from his state regulators he is deliberating starting up operations again under a new corporate name and in a new state and even a new country.
Here's his post from August 1:
https://bitcointalksearch.org/topic/m.2848889
Update 08/01/2013
It has been more than thirty days since we provided a response to the Commonwealth of Virginia with corrections to errors made by the commission and the legal analysis on why our activity falls outside the scope scope of "transmission" set by Virginia statute. As of today, we have not received an official response confirming or refuting our conclusions. The lack of a response make it impossible to resume operations within the state in a prudent manner. Doing so would put the company's assets and shareholder's equity at risk to potential fines and civil action.
[]
The lack of clarification from regulators in Virginia, has forced management to relocate the company outside the jurisdiction of those regulators....
[]
Thank You,
Gerald Davis
Director & Chairman
Tangible Cryptography, LLC
It has been more than thirty days since we provided a response to the Commonwealth of Virginia with corrections to errors made by the commission and the legal analysis on why our activity falls outside the scope scope of "transmission" set by Virginia statute. As of today, we have not received an official response confirming or refuting our conclusions. The lack of a response make it impossible to resume operations within the state in a prudent manner. Doing so would put the company's assets and shareholder's equity at risk to potential fines and civil action.
[]
The lack of clarification from regulators in Virginia, has forced management to relocate the company outside the jurisdiction of those regulators....
[]
Thank You,
Gerald Davis
Director & Chairman
Tangible Cryptography, LLC
When I tried to ask the following question he removed my post:
Update 08/01/2013
...
Initially clients who are residents of the states of Virginia, California, and New York, as well as residents of the country of Thailand, will be blocked from selling Bitcoins.
...
...
Initially clients who are residents of the states of Virginia, California, and New York, as well as residents of the country of Thailand, will be blocked from selling Bitcoins.
...
Will people in these locations also be barred from buying bitcoins?
Yes. We will be not engage in any transaction (purchase or sale) with residents of restricted locations.
You said you are rescinding the MSB, does this mean you will no longer be offering any services to Americans? Or are you filing a new one and only offering service to people in south carolina?
I suspect greed has gotten the better of common sense in this one.
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