Topic: ❎฿ ► ฿ ►฿ LEALANA PHYSICAL BTC & LTC RESUMING SALES (UNFUNDED) - page 10. (Read 21441 times)
Very happy to have this back! I was looking around very much for a 1BTC lealana coin. Congrats!
Hey good to see you back. Since you're selling these coins again but unfunded, I'm assuming FINCEN has not gotten back to you on the legal issues about this.
This type of regulatory precedence is huge, I don't imagine they would have given you a straight forward answer in a timely manner.
This type of regulatory precedence is huge, I don't imagine they would have given you a straight forward answer in a timely manner.
FinCEN's main concern was that I (or another business) would receive BTC/LTC from customers then turn around and fund the coins they bought and not necessarily with the exact same coins used to purchase. This, to them, is somewhat shady and needs to have some light shown upon this (perhaps money laundering?).
Given I now am never going to touch any customer's BTC/LTC that is used to fund their coins, I am no longer "money transmitting". I'm basically selling coins with holograms and some laser etching done on them for BTC and LTC. Of course I am required to report my income and pay my taxes which I have already done for the 2013 year.
To answer your question I never got a real answer from them. In fact the money services business registration was very convoluted and not straight forward (at least for me).
It would be helpful if the IRS and FinCEN got on the same page. Currently one considers BTC/LTC as "money" and the other considers it "property".
And thanks I am glad to be back.
Aloha!
Hey good to see you back. Since you're selling these coins again but unfunded, I'm assuming FINCEN has not gotten back to you on the legal issues about this.
This type of regulatory precedence is huge, I don't imagine they would have given you a straight forward answer in a timely manner.
This type of regulatory precedence is huge, I don't imagine they would have given you a straight forward answer in a timely manner.
Great to hear you're back!
Going to place an order quite soon!!!
Thanks
Going to place an order quite soon!!!
Thanks
Nice to see holograms are changed to avoid confusion.
Yes they use a similar version to my GOLD 1 BTC coin. Several changes to help decipher.
Very cool!
But why not sell the coins without the holograms attached to them? The paranoid amongst of us would appreciate.
But why not sell the coins without the holograms attached to them? The paranoid amongst of us would appreciate.
I may consider doing this. We'll see.
I would not sell my holograms unattached to the coins. That would create too much confusion as someone could swap holos and coins etc.
Nice to see holograms are changed to avoid confusion.
Very cool!
But why not sell the coins without the holograms attached to them? The paranoid amongst of us would appreciate.
But why not sell the coins without the holograms attached to them? The paranoid amongst of us would appreciate.
LEALANA COIN SALES HAVE RESUMED!
GET YOUR COINS AT LEALANA.COM. <------------------
LEALANA COIN SALES HAVE RESUMED!
After much thought and consideration I have decided to start selling assembled unfunded coins. Buyers will be funding their own Lealana coins.
Coins will have a GREEN colored address. LTC silver coins will also be prefixed with "Lbf". BTC silver coins will be prefixed with "1BF". Buyers will receive an electronic format of the coin addresse(s) for funding.
Coins will be marked with a laser "BUYER-FUNDED" on a small portion of the hologram to decipher between older coins and the buyer-funded coins.
COAs will no longer going to be provided for any coins sold. Leatherettes and capsules may be provided based on the coin type you are ordering.
A new 0.1 BTC Lealana Brass coin is now for sale on LEALANA.COM along with the other 2013 coin products offered. Pictures are below:
GET YOUR COINS AT LEALANA.COM. <------------------
LEALANA COIN SALES HAVE RESUMED!
After much thought and consideration I have decided to start selling assembled unfunded coins. Buyers will be funding their own Lealana coins.
Coins will have a GREEN colored address. LTC silver coins will also be prefixed with "Lbf". BTC silver coins will be prefixed with "1BF". Buyers will receive an electronic format of the coin addresse(s) for funding.
Coins will be marked with a laser "BUYER-FUNDED" on a small portion of the hologram to decipher between older coins and the buyer-funded coins.
COAs will no longer going to be provided for any coins sold. Leatherettes and capsules may be provided based on the coin type you are ordering.
A new 0.1 BTC Lealana Brass coin is now for sale on LEALANA.COM along with the other 2013 coin products offered. Pictures are below:
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