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Topic: Is it completely legal in the US to buy BTC on one exchange and sell on another? - page 2. (Read 1227 times)

sr. member
Activity: 266
Merit: 250
Yes (as long as you do all of the appropriate reporting and pay your taxes).

IANAL.

Just a guess here but IANAL stands for "I am not a lawyer", yes?

If you have completely submitted yourself in the KYC regulations on each of the exchanges you might use, then you don't need to worry about raising red flags with ypur actions.

...and KYC is "know your customer"...just in case anyone was wondering.
sr. member
Activity: 434
Merit: 250
Loose lips sink sigs!
Yes, completely legal.

Any information provided in this post, while likely blanketed in brilliance, should not be interpreted as legal, financial, or tax advice. Please consult a legal, financial, or tax advisor to gain expert advice. To be graced with the brilliance that comes from the smartest possum on the planet, please continue to consult this Form.
legendary
Activity: 1120
Merit: 1012
Yes (as long as you do all of the appropriate reporting and pay your taxes).

IANAL.
legendary
Activity: 3542
Merit: 1352
Cashback 15%
If you have completely submitted yourself in the KYC regulations on each of the exchanges you might use, then you don't need to worry about raising red flags with ypur actions.
hero member
Activity: 532
Merit: 500
I couldn't find a completely straight answer on this when relating to Bitcoins..

If you push $10K/day doing this for example, IS IT completely legal within the USA? You of course are going to raise red flags (banks calling asking for information etc). So it would HAVE to be completely legal..

I appreciate your help, thank you!
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