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Topic: Mt. Gox is an unlicensed money exchanger dealing in "crypto-currency." - page 8. (Read 9339 times)

full member
Activity: 231
Merit: 100
How does Gox need a US license to transfer money when they are in Japan.

How does anybody need a license to transfer money period. At this point you basically can't do business without transferring money.

Mutum Sigillum LLC is in the US and apparently lied on an MSB form that they weren't a money services company.

Mt. Gox is so incompetent it is mind boggling.
full member
Activity: 238
Merit: 100
RMBTB.com: The secure BTC:CNY exchange. 0% fee!
I think it's fair to say the terrorists have won
hero member
Activity: 545
Merit: 500
Well lets pretend mtgox have to shut down - ppl who have bought btc will most likely experience a huge crash - meaning most will want to get USD out of there asap. Or perhaps they buy btc and act all "rational" assuming that a crash will not occur if this situation escalates.
full member
Activity: 168
Merit: 100
How does Gox need a US license to transfer money when they are in Japan.

How does anybody need a license to transfer money period. At this point you basically can't do business without transferring money.
legendary
Activity: 1106
Merit: 1026
The real panic sells haven't even started.

Not gonna happen. If their USD accounts get frozen, nobody wants to hold USD. Expect buy-ins and transfer to other exchanges instead.
member
Activity: 110
Merit: 10
The fact that you have to be licensed in order to transmit money, just makes bitcoin seem even more valuable IMO.
full member
Activity: 238
Merit: 100
RMBTB.com: The secure BTC:CNY exchange. 0% fee!
member
Activity: 84
Merit: 10
The real panic sells haven't even started.
legendary
Activity: 840
Merit: 1000
They better damn well have the license already, or hurry up on getting one.
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