Elmo....
You really did not or could not refute anything from the above content of my posts. ...:doh:
By
being over dramatic, would you mean:
-Whether U.S. based exchanges may close down your accounts on their service if they notice that you re-sell coins on LocalBitcoins ? Nope, this is a reality.
-Whether undercover agent for the U.S. Secret Service or other State & Federal agents target LocalBitcoins ? Nope, that is also a reality.
-Whether actually buying & selling bitcoins anonymously is not easy ? Because it is not.
-Whether buyers on LocalBitcoins could, in fact, be an undercover agent for the U.S. Secret Service ? Nope, 100% possible & real. Proven.
-Whether John Powell who was sentenced to four years in Federal prison for operating an account on LocalBitcoins deemed an unlicensed money service business (MSB) alternative fact ? Nope, 100% real.
-Whether U.S. Federal & Local law enforcement are taking notice of places like LocalBitcoins ?
-You mean the exchange platform LocalBitcoin does not adhere to KYC/AML &/or CFT standards thus its users are exposed to law enforcement actions etc etc ?
-Or any other number of points from that content above that have remained unrefuted ?
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'
Purchasing Bitcoin with cash is not illegal'.
though I did not state this reductionist position anywhere, I fear our beloved elmo's is positing another of his many fantasies upon us once again (certainly no context given beyond this vague notion).
Wrong.
-OK, you mean can '
purchase Bitcoins with cash' or otherwise.... in countries whereby it IS illegal outright to do anything with Bitcoins or any crypto currencies for that matter, hmm...
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'
I follow the law'... :shocked:
Is buying & selling/operating '
anonymously' not
antithesis to following the Law, no ?
Given the 'Law' (or governments) have a monopoly on currency as do banks, they have a vested interest in 'attacking' the crypto currencies (as they have done so previously) via these 'Laws'..
[U]Can you point to a single jurisdiction, state, province or country where
buying & selling Bitcoins 'anonymously' (where Bitcoin trading/buying/selling is authorized/regulated/allowed) is
in compliance with the 'Law' ?;,
I stress the operative word here,
anonymously.
operate anonymously = law compliance......:pry:
that 'Law':
-pertaining to taxation guidelines or implications for buying/selling Bitcoins ?
-covering anti-money laundering & combating the financing of terrorist regulations/provisions (AML/CFT) ?
-the prohibition & outright ban of the use of Bitcoins in the said country altogether ?
Bear in mind that a
money transmitter is a business entity that provides money transfer services or payment instruments.And after all, bitcoin can be spent, traded, & bought, making it a way of transmitting money around the world.
Such individual bitcoin users may or may not be looked at as money transmitters, as long as they buy, sell, & trade bitcoin in exchange for goods & services.
In the US they are required to register with FinCEN, abide by the Federal laws & be registered in the state they are transacting in. This is a regulated financial transaction & anyone engaged in this business & not properly licensed & registered can be charged (as cited in this thread in my posts).
The LocalBitcoiners who go each week buying & selling are technically breaking both state & federal law:
http://www.gpo.gov/fdsys/pkg/FR-2011...2011-18309.pdf
Since you obey the law, I am sure you will no doubt be able to show proof to James of your money transmitter license given your Bitcoin Trader activity in the US : - I am sure James will confirm what an upstanding citizen of the aspkin community you are when he finally confirms to the rest of us of your registration & license status . .... :pry:
I dare say, 'following the Law' & operating 'anonymously' as you have understood it & outlined on your original thread is an oxymoron.
And, you are not really as anonymous in the objective meaning of that term as James has pointed out several times on this thread (i.e Bank account linkage or ID requirements) & so forth.
And, you have far bigger risks & concerns than chargebacks (esp if you are in the US, as law enforcement is keeping a close eye on the very platform & where need be doing sting operations on subjects on LocalBitcoins, some whom are now in Federal Prisons doing time) as that seems a pity side show compared to some of the more serious issues raised in my posts, backed up by credible source data or citation.
I'll leave this here & let others make their own minds up as to the accuracy of the information left here for their benefit & insight, lest they be led up a garden path.
:deadhorse:
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