Bitcoin ATMs, Regulations and Compliance

HELLO - WE ARE LOOKING FOR AN INVESTOR. WE HAVE A BITCOIN CASH EXCHANGE. BUY/SELL BITCOIN LEGALLY ANYWHERE IN THE WORLD AND A BITCOIN ATM COMPANY. FINCEN MSB

BUY OR SELL BITCOIN WITH US LEGALLY AND LOCALLY FROM ANYWHERE IN THE WORLD! WE ARE ALSO A FINCEN MSB LOOKING FOR CAPITAL FROM AN INVESTOR WITH OUR PROFIT SHARING MODEL. I AM THE OWNER. CHECK FINCEN dot GOV FOR CREDENTIALS. BITCOIN ATM PROS INC.
Michael
Buy Bitcoin Anywhere in the world legally here
BITCOINATMPROS COM
Buy Bitcoin CASH at our BCH Exchange here
LOCALBITCOINCASH ORG
submitted by Coolie32 to u/Coolie32 [link] [comments]

Bitcoin ATM's and FinCen. Are you acting as an exchange when you own a Bitcoin ATM?

This only applies to US people, but wouldn't the owners of Bitcoin ATM's be considered to be running an "exchange" according to the March FinCen guidance letter? See http://cryptome.org/2013/03/fincen-bitcoin.htm.
If this is the case, the legal and regulatory hurdles to own and run an ATM would be prohibitive to most people.
Here are the relevant parts:
"An exchanger is a person engaged as a business in the exchange of virtual currency for real currency, funds, or other virtual currency."
"An administrator or exchanger that ... buys or sells convertible virtual currency for any reason is a money transmitter under FinCEN's regulations, unless a limitation to or exemption from the definition applies to the person.10"
"The definition of a money transmitter does not differentiate between real currencies and convertible virtual currencies."
submitted by bitaccumulation to Bitcoin [link] [comments]

The amount of Bitcoin ATMs globally has grown over 300% in the past two years

The amount of Bitcoin ATMs globally has grown over 300% in the past two years submitted by assetdash to Bitcoin [link] [comments]

CoinOutlet’s ATM has been designed and built to overcome the current obstacles in getting Bitcoin for cash. By handling AML / KYC it is compliant with FinCEN regulations.

submitted by Coinoutlet to COINOUTLETATM [link] [comments]

Top Bitcoin News Last Week: Tradehill, Regulation, ATM, FinCEN, More

Top Bitcoin News Last Week: Tradehill, Regulation, ATM, FinCEN, More submitted by onbitcoin to Bitcoin [link] [comments]

What does it take to own a BTC ATM box in the US [2020]?

The title says it, it looks rather appealing, the box itself costs about $4,000. If I form an LLC, buy the box, place it at a nearby gas station...what is the problem? What are the regulations? Licenses? Risks? Are there some real-life examples, on how many transactions can one expect, what expenses there are? Is there actually a business case or just a dream?
submitted by yik77 to Bitcoin [link] [comments]

I Own A Startup Crypto ATM Co and Bitcoin CASH Escrow Exchange and Looking For A Good Partner.

Hey everyone. So I own a Crypto ATM company and Bitcoin CASH escrow platform we just launched. It's just 2 of us now and I'm looking for a good partner who can help with some of the financial needs of the purchase and placement orders we have to fill. We are a FinCEN certified MSB and can be found on FinCEN gov. The Company is Bitcoin ATM Pros Inc. and we have Crypto ATM Pros Inc. and Visionary Holdings LLC. I found a company in Shenzhen who is ready to make me 300 Crypto ATMs with several coins accessible that I have already designed and I will have software rights for the US market with this company who does the software and backend for the ATMs. I'm also open if you prefer somewhere else that would be more effective. I have looked all over the world for the last 2yrs and this was the best that I have found.
We are currently creating a full exchange with as many coins as we can over the next 4 months that will be ready to launch in April 2020. We will be connecting the ATMs to the exchange and place them all over the world to set up Website 2 Machine transactions. Pay on the website through the various local payment methods on the website and they drive to a secured Crypto ATM with a voucher code to pull out the funds. I have placement connections all over the world ready to execute on this.
We have about $30 million in rough gems, but there is No wrap on them, so they are not insured and I don't have the funds to insure them, they are GIA certified and appraised here in the US. We are only the 2nd owner and we are still in close contact with the original owner and has a few hundred million worths and is looking for the same thing as I am, he is accessible with proper documentation and he is the one that dug them out of the ground himself, who lives here in the US. He pledged us $30 million worth to help us get funds for our Crypto ATM Company. If you or anyone you know want them or who can get them wrapped for really cheap. Looking for the next step and eventually either selling or getting a gem backed loan for a few million for a couple of years. I have all the documents on the gems and they are all here in the US. Let me know if you can be of any service. They are there if needed.
Let me know if you are interested, I can fly out anywhere if you would like to meet up in person if needed. There are a lot of options, reach out if you have questions about anything.
Bitcoinatmpros com
localbitcoincash org
1bch com
submitted by Coolie32 to btc [link] [comments]

Bitcoin ATM spotted in Shoreditch, London!

Bitcoin ATM spotted in Shoreditch, London! submitted by Panni30 to Bitcoin [link] [comments]

Oh the irony; despite being quite loaded up on post-surgery pain meds, I managed to get through a bitcoin ATM interview without CBS bringing up drugs.

Oh the irony; despite being quite loaded up on post-surgery pain meds, I managed to get through a bitcoin ATM interview without CBS bringing up drugs. submitted by ItsMillerIndexTime to Bitcoin [link] [comments]

If you require a government ID in order to sell me crypto-currency, you will not be getting my business. Here's why:

I'm in Edmonton for a while and figured on this fine free evening I'd drive downtown and try out the Robocoin at the Remedy Cafe.
First thing it wants is my phone number, and it sends me a text with a verification code. Then it asks me to choose a pin. OK
Step number three: Hold your government ID up to the camera.
That's a Big NOPE good buddy, over and out! I left at that point.
If you require a government ID in order to sell me cryptocurrency, you will not be getting my business.
Here's why:
1) For me, one of the most important advantages of cyrpto-currency is anonymous transactions. I do not want the government knowing I have bitcoin.
I'm not doing any illegal (seriously, I'm not), but without a warrant, there is absolutely no requirement that I tell any government what I do with my after-tax income. I don't want you telling them either.
2.a) It's bank machine. The only thing it should need from me is my money and my wallet ID. No other bank machine requires my ID to sell me cash. It shouldn't either.
2.b) It's a website. Unless you are shipping a physical product to my geographical location, you don't need any other information about me other than what it takes to verify my payment method.
3) This is the most important: I DON'T KNOW WHO YOU ARE!!!!!!
Let's face it, you're just some guys who set up a website and built a machine with a camera in it, and you are amassing a database of people's sensitive information along with a picture of their picture Id as well as a picuter of them holding their official picture ID.
I'd be just as well off to give my id and credit card to the shady looking guy on the next corner. At least I can tell the police what he looked like.
Sure, maybe you have no evil intentions. But is your database secure? Are you sure? Are you sure your business partners aren't going to end up owing the mafia major money in gambling debts s/he can't repay?
...
Sure, I get it. You're running a business. You have to play by certain rules in order to remain in business in this country.
But I don't have to play that game with you. I'll find another way.
Good luck to you.
submitted by lazylion_ca to Bitcoin [link] [comments]

"Jeff Berwick, Bitcoin ATM co-founder, explains how his company uses digital currency that allows consumers to use peer-to-peer connections for monetary transactions, with CNBC's Rick Santelli."

submitted by YouthInRevolt to Bitcoin [link] [comments]

Bitcoin ATM by Bitcoin Solutions: San Fran

Hey Reddit World!
Bitcoin Solutions has another ATM set to arrive in the next few weeks and we have our sights set on San Francisco, CA! While we have done our research we feel it is important to get the input from the locals! So if anyone in the area has/knows/thinks they know a good place to host an ATM can you put them in touch? [email protected] is a good place to contact the team!
Thanks a bunch, Reddit World! We hope to be hearing from you shortly!
Bitcoin Solutions @EDMbtcsolutions http://btcsolutions.ca
submitted by edmbtcsolutions to Bitcoin [link] [comments]

09-03 02:33 - 'I am looking for 50k - 150k Units of Bitcoin with Rolls and Extensions!' (self.Bitcoin) by /u/Coolie32 removed from /r/Bitcoin within 0-6min

'''
I have a FinCEN license to buy and sell crypto legally and have buyers who need a few hundred thousand units of Bitcoin in tranches of 5k to 10k units a day. First transaction can be face to face if needed and they will start as small as you want to get comfortable and will contract the whole amount before hand of course. But I have an exchange that needs 120k units alone. Please contact me if you have sellers! This can happen at your pace or whatever you need for verification we have it! The seller can travel to the exchange themselves to check it out if they wish and meet the owners in person. It is a brick and mortar location with plenty of backing and security for the transactions! Everything will be KYC/AML compliant.
I have a deal right now with a vary secured exchange that is banked for billions. They currently want 100k units with rolls and extension in tranches of 1k, 5k or 10k whichever the seller prefers. We can set up something small, and they will contract for that amount. If I can only get 50k units, then they will start with that amount. They can guarantee the whole amount but do want it in those tranches and the transaction done through the exchange so that way everyone is KYC verified. Then everyday the tranches are simultaneously paid for as the coins are delivered to the wallet the seller will set up at the exchange. Not only are the wallets 100% secure and backed for the 100% amount. I already have a several sellers offering quite a few points below even. I know its a bear market but it's a 100% secured and backed deal and a very simple process.
It is very simple and really no one else is involved but the buyer and the seller. So here's how it would work and it's super easy and totally at your pace. If you want to you can visit the exchange in person and meet the owners in person. It's a brick and mortar location. Not a requirement, but there if you need.
So I own a Bitcoin ATM company here in the states. The exchange I was getting all my coins from need a new coin guy. So here's how it would work. You or whoever the seller sign up on the exchange and go through their KYC process that takes about 24hrs. At that time you set up a multisig wallet in your name or the sellers name at the exchange. Everyday either you or the seller sends coins to the wallet on the exchange, the exchange will simultaneously buy the coins from your wallet and simultaneously wire you the money for the coins. The wallet is backed and secure. You can start with 1 coin then 10 coins or whatever you want to get comfortable. But they want no more than 10,000 units a day for as long as you have coins. They are backed by several banks and a few oil companies in the tune of several billions of dollars. I already have a LOI from them for 100k units of Bitcoin with rolls and extensions. How ever many you send a day to your wallet for the exchange to buy from you. I have a few sellers already who want to do this, I'm just looking for a good price on the coin.
That is one of my few buyers
Let me know if this helps understand better. Ask any questions you need.
'''
I am looking for 50k - 150k Units of Bitcoin with Rolls and Extensions!
Go1dfish undelete link
unreddit undelete link
Author: Coolie32
submitted by removalbot to removalbot [link] [comments]

Requirements for a Dogecoin/multi-coin ATM?

I just can't help thinking that making a crypto ATM would be pretty easy. The slow speed and high cost that other crypto ATMs entering the market make me wonder what I'm overlooking. Being a professional developer and system designer, I usually work off of bureaucratic documentation, like requirements documents created and knocked around form months to years by product vendors and multiple groups from the customer's technical and system teams.
I'm just wondering where the bar is making my entry into creating an ATM design and prototype is, if any. I was thinking if I had a good crypto ATM requirements outline, I could make sure I'm not missing anything, and develop an ATM hardware + software design and whip up a prototype. I come with a lot of resources, including buddies that work with vending machines including standard AMTs and bill changers daily, to electronics designing and fabricating professionals (such pick n place, much wow), to manufacturing possibilities, not to mention my own long list of relevant experience.
Tell me why I'm an idiot and could never do this myself, or give me a requirements outline, a workflow outline, or point me to some docs on how others do it, and I will get working on a design.
I'm happy for any input, thanks!
submitted by SoCo_cpp to dogecoindev [link] [comments]

Coinbase suddenly closed my account?

I received an email from coinbase about an hour ago saying this
Hello,
Thank you for your interest in Coinbase. Our primary goal is to make digital currency safe and secure for our customers. Coinbase is a regulated Money Services Business under FinCEN (FinCEN.gov), and as part of achieving this goal, we are legally obligated to implement regulatory compliance mechanisms.
Upon careful review, we believe your account has engaged in prohibited use in violation of our Terms of Service and we regret to inform you that we can no longer provide you with access to our service. We respectfully request that you follow the on-screen instructions presented when you log into your Coinbase account to send any remaining balance offsite to an external address.
Should you have any questions or need assistance, please let us know and we'll be happy to help.
Respectfully,
Coinbase Customer Support
I immediately transferred my BTC to a block chain wallet. I don't have a working computer to use atm.
I've been with Coinbase since they started up. I've always had up to date verification and have had the maximum limits.
I've never done anything illegal with bitcoins. I've mostly used them to buy goods online (eg. To get a discount at Herbal Salvation). My bank bounced the last transaction I had with coinbase but I immediately cleared it up. I have bought coins on LBC and btc-e before and have sold coins in both locations but never the ones I bought from coinbase. What should I say in my email to acquire more details?
Is this going to affect my verification if I wanted to use Gemini?
submitted by zak13362 to Bitcoin [link] [comments]

Selling Bitcoin (USA)

I have been selling small amounts of BTC locally (cash).
Please advise, is there a threshold I can adhere to?
Assuming fincen.gov says it correctly, then I can operate at or below $1,000 per day per customer. This would be best considering my state requires at least $100,000 net worth to register.
Ultimately I would like to buy a BTC ATM or two, but the possibility of needing to register as a money transmitter is looming over this prospect. It would make more sense to grow the business now and apply for a money transmitter licence once it becomes needed for additional growth.
Keep in mind that at this point in the game I move less than $2,500 a week for buyers and profit at this level is less than $5,000 in a year. I work a regular job AND have another business that profits ~$25,000 a year, this business is artificially kept under $30k/y profit due to legislation. I would like to grow a BTC business so I can say goodbye to the regular job, and the BTC business would need to profit at least $30k per year to make this happen, but a money transmitter licence would destroy any hope for early profit and force me to find an investor, which would destroy my ownership if I am required to do so this early in the game.
note: don't bother saying "don't take legal advice from /bitcoin", I get it, I am looking for people with personal experience growing a small BTC business in their home states.
submitted by BTC-Maine to Bitcoin [link] [comments]

Coinbase account frozen for weeks after requesting institutional upgrade

We requested to have our account converted to an institutional account after reviewing Coinbase's restricted accounts page and finding that we (a Bitcoin ATM operator) were listed under the "conditional" accounts. We are fully FinCen compliant and have an MSB ID from them. We initiated our request for an institutional account in mid December 2016. Coinbase then locked our account and we were told that it would take 2-3 days. It has now been more than a month and a half and we have yet to receive anything from a human support person. We have missed enormous market opportunity and many alternative methods of btc acquisition have come up short causing us to under serve our eager bitcoin customers. We answer all support requests through our personal cell phones 24/7/365. Why then is it virtually impossible to communicate with coinbase? Unlock our account or cancel it and refund our bitcoin. Leaving us in this locked state without any effort to rectify the situation boarders on criminal behavior.
submitted by bytefederal to CoinBase [link] [comments]

South Carolina for Bitcoin!: I'm taking Bitcoin to my state congressmen. What should I ask them?

Hi Bitcoin!
I live in South Carolina and have a few connections in state politics here. Although I'm relatively new to Reddit and Bitcoin, I have become a huge Bitcoin advocate and have been evangelizing the merits of Bitcoin to friends and family for the past few months. I own some BTC. And have been involved in the internet industry since 1995.
After watching the NYFSD hearings earlier this week, I quickly became disgusted. Noting the tone of the NY regulators and the panel that they assembled, I realized that it's very important for us as a community to be proactive in approaching our state representatives and regulators. NY is just one of 50 states in this union.
South Carolina has a unique advantage of being just one of three states in the country without Money Transmitter regulations (Montana and New Mexico are the others, I believe). So, in theory, if we are using FinCEN's advisement that digital currency companies be treated as money transmitters, the red tape to operate an exchange, an ATM, or any other financial service for Bitcoin and cryptocurrencies would be minimal in SC when compared to other states - or at least at the moment.
I moved to Charleston, SC three years ago and have been pleasantly surprised by the size of the tech community here. There is a bustling tech scene here - search "Silicon Harbor", or see Charleston Digital Corridor. In addition, I know several large companies which have moved their operations from the financial hub of Charlotte, NC to just over the border to South Carolina for tax and regulation purposes. And Greenville and Columbia are bright tech hubs in the state.
There is opportunity here for Bitcoin entrepreneurs and businesses! Plus, we have wonderful beaches, mountains, and great weather.
With all this being said... I have recently requested meetings with my local state congressman and state senator - with whom I have connections. Both are libertarian leaning, and both should have direct insights into how to best make the Bitcoin economy welcome in South Carolina.
I'm hoping to have these meetings setup in the next few weeks. I expect to get an hour or less with each representative. In anticipation of these meetings, which questions or which clarifications would you like to see that I get?
I believe I will be able to make a compelling case for these representatives to at least investigate things further. But, I'm asking you, the Bitcoin entrepreneur, what would you need to see from South Carolina to bring your Bitcoin or crypto-currency business here?
Thanks in advance. I'll be certain to update things once the meeting is set.
submitted by dentonbros to Bitcoin [link] [comments]

NEOBEE Update 2014-01-22

Update taken from NEOBEE page on Havelock Investments and formatted for easier readability.

Flagship Branch

We are pleased to announce that Neo's flagship branch is scheduled to launch on February 24, 2014.
As part of the launch, we will also release the following three products:

Instant-Access BTC Wallet

This wallet will function as a standard Bitcoin wallet which utilizes the multi-signature process. Neo will earn revenue from these accounts through the fees paid when exchanging Euros for Bitcoin. Account holders will receive a Bee card, allowing them to make purchases at retailers around the island of Cyprus, and through existing Bitcoin payment gateways.

Time-Locked Wallets

This wallet will allow the customer to hold Bitcoins over a predetermined time period in their own wallet with multi-signature functionality. These wallets will enable the customer to execute an exchange back to Euros on the predetermined date for either the original Euro amount or for the value of the Bitcoin that is held in the wallet at the time of the exchange, however the maximum amount of gains the customer will receive will be limited to an agreed level. Neo will derive income from this type of wallet through gains made in the value of Bitcoin over an above the agreed percentage.

Merchant Wallet

This wallet will enable merchants to accept Bitcoin payments from anyone. Merchants will have the ability to determine the exact percentage of revenue they wish to retain as Bitcoins and how much they wish to convert instantly to Euros as settlement. Merchants may accept payments into their bank account through electronic transfer, or collect as cash from one of the Neo branches. Should the merchant choose to access their money through one of our branches, they will have access to those funds within one minute of accepting the payment.
We have decided to delay the second branch in Nicosia to ensure the flagship branch opening goes smoothly. The second branch will tentatively launch within the first quarter of 2014.

Bee Payment Network

We have taken delivery of the first batch of POS terminals. We are now finalizing the integration with Neo applications.
Bee will not charge transaction fees to merchants. This ensures the lowest barrier to entry. Bee will instead derive income from the rental of POS terminals and monthly fees for online payment gateways.
We have been working closely with a number of POS and Stock Management System developers to ensure compatibility and ease of integration with their systems and the Bee network. This will enable thousands of Cypriot and international merchants to easily integrate our terminals with existing infrastructure.

Neo EasyCoin

Neo EasyCoin is nearing the completion of beta testing. We are waiting for some locations to go online with different payment service providers. We are also working with other payment service providers in Europe to enable Neo EasyCoin to service additional European countries.
Neo EasyCoin will provide service to the United States once we are in possession of a written clarification from FinCEN regarding our business model. Our lawyers are working on this daily. While we are confident in our plan, we also want to ensure long-term stability.

Media Exposure

We have received consistent and positive attention from local news outlets, including newspapers, television, magazines and news websites.
Here are some examples:
We held a dinner event with the management and owners of several media companies based in Cyprus.

Marketing

Neo's first advertising campaign is now underway. The first television advertisement will premiere on February 1st. Radio advertisements and a new Neo & Bee website will be launched in support of this campaign. The website will include detailed information about our personal and merchant wallet service offerings.

Regulations

We continue to make progress in establishing clear regulations for the operation of Bitcoin-based businesses in Cyprus. We have taken the necessary steps to obtain a Cyprus investment firm license, which would enable us to offer time-locked wallets to customers. We will offer these wallets when we open the first branch.

Neo Xchange

Neo Xchange is a new venture in which Neo will act as a brokerage and trade on a new Bitcoin exchange under development. The Neo Xchange platform will offer trade derivatives and other financial instruments. This requires the platform to be regulated. We are working towards obtaining the required licenses from CySEC to operate this platform. More information will be provided as available.
Once this platform has been launched, Neo will have greater ability to hedge the instant-access pegged wallets.

Neo Portals

We are now developing our own ATM hardware that will enable customers to have access to all subsidiaries in many countries. This development will enable global expansion. By increasing our footprint in this manner, we can assess the data from these portals to determine optimal locations for expansion of the Neo network of branch locations.
The Neo Portals project is being managed by Brad Vaivoda. Brad Vaivoda graduated from the University of Colorado at Boulder with a B.Sc in mechanical engineering. After beginning his career performing brake rotor design and analysis in Formula 1, he accepted a position aiding orthopedic surgeons during operations whilst working for Zimmer Holdings Inc., a medical device manufacturer in the orthopedic industry. Most recently, Brad was employed by The Boeing Company as a Test & Evaluation Engineer working across Boeing's commercial aircraft product lines.
Brad has since turned his focus to Bitcoin and Bitcoin-related ventures. He has considerable experience with bleeding-edge technology and is familiar with working in fast-paced environments.
submitted by SecretEmperor to BitcoinStocks [link] [comments]

Various Bitcoin "ATMs" with KYC/AML aspects briefly listed. (22 brands)

Bitcoin "ATMs" (AKA vending machines/kiosks/branches/BTMs/CTMs) continue to spread around the planet. Here is a current snap-shot of most of the manufacturers with some further information about their products.
Just as operators of various machines may decide on what colour or graphics the machine has, operators may also have optional Know Your Customer (KYC) and Anti-Money Laundering (AML) features at their disposal. Companies like BitPay, Coinjar, Kraken, Mt Gox (did), Bitstamp, Coinbase etc require your ID. Our face is the biometric most commonly used by people and governments alike for ID. Fingerprints are less commonly utilised as a biometric ID by governments. Banks commonly use our face as a biometric ID.
1W=cash to bitcoin (one way). 2W=cash or CC to bitcoin and the reverse, "Cash out" (two ways)
AML aspects would typically include daily transaction amount limits. Operators may set AML limits on their machines.
Here is one apparent operators thoughts: (I hope re-posting is OK)
"I operate a Lamassu kiosk and while the manufacturer has recently developed software enhancements to comply with KYC/AML regulations, I have chosen not to implement them. Yeah, my ass is on the line here, but I've used the Robocoin machine and felt it was very intrusive. I like the idea of anonymity and I don't want to have to keep records of my customers' identities and monitor their private transactions. That's not Satoshi's way, nor is it mine. So far, I'm operating well under the radar and I'm not very worried about it (though some attorneys have warned me that I am taking a huge risk by following this path). I have a FinCen license, but there are no final state licensing regulations (yet), so until they tell me what I have to do to stay out of jail, I will continue to operate my machine as it was shipped, without collecting personal information from the users. The only "compliance" feature I've turned on so far is a maximum transaction limit of $500 USD. This is partly to avoid having to file Suspicious Activity Reports, but mainly to keep me from running out of bitcoins on a daily basis." - by Magg0tt
submitted by BitcoinOdyssey to Bitcoin [link] [comments]

[uncensored-r/Bitcoin] Bitcoin is fraudulent and nothing but insider Trading ...NO, Researchers find that one person lik...

The following post by Theguy3993 is being replicated because the post has been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/7qqmjt
The original post's content was as follows:
Yeah ok keep pumping out the articles about this so funny I would bet the articles stating bitcoin went to 1000$ on fraudulent money is 100% posted by insider traders or Wall St.. And Its no secret Wall St is driven by insider trading. Heck you can watch a documentary that shows how they do insider trading using loopholes of having a couple people down the line get the info that they "donate" money to for information. But anyways I just wanted to post another rant and laugh... Also, if you want to claim bitcoin is fraudulent based on a couple people who traded 36 million dollars worth of a coin worth 250 Billion on average give or take 50 billion or 0.000144% of bitcoin then I guess all banks should close tomorrow since 90% of all money banks handle have traces of cociane on them and clearly came from fraudulent places.
Again, I will state bitcoin will rise and fall like it always does pretty much only falling from fake news pumped in sync with sell offs to try to get more for cheap, and thats fine its so obvious to me also I have traded since before Mt.Gox and the coins never went to its peak and stayed there untill after the fall of Mt.Gox. The timeline may show that right before Mt.gox froze the price of BTC was going up. Until around that time but anyone who used MT.Gox knows that no one could move, trade or withdraw there funds long before it was froze and it finally froze from the lawsuits regarding this so essentially Mt.Gox was out of the game.
And for those who like facts here you are I will include the links also
https://en.wikipedia.org/wiki/History_of_bitcoin#2013
"On 15 May 2013, the US authorities seized accounts associated with Mt. Gox after discovering that it had not registered as a money transmitter with FinCEN in the US.[52][53]
On 17 May 2013, it was reported that BitInstant processed approximately 30 percent of the money going into and out of bitcoin, and in April alone facilitated 30,000 transactions,[54]
On 23 June 2013, it was reported that the US Drug Enforcement Administration listed 11.02 bitcoins as a seized asset in a United States Department of Justice seizure notice pursuant to 21 U.S.C. § 881.[55] It is the first time a government agency has claimed to have seized bitcoin.[56][57]
In July 2013 a project began in Kenya linking bitcoin with M-Pesa, a popular mobile payments system, in an experiment designed to spur innovative payments in Africa.[58] During the same month the Foreign Exchange Administration and Policy Department in Thailand stated that bitcoin lacks any legal framework and would therefore be illegal, which effectively banned trading on bitcoin exchanges in the country.[59][60] According to Vitalik Buterin, a writer for Bitcoin Magazine, "bitcoin's fate in Thailand may give the electronic currency more credibility in some circles", but he was concerned it didn't bode well for bitcoin in China.[61]
On 6 August 2013, Federal Judge Amos Mazzant of the Eastern District of Texas of the Fifth Circuit ruled that bitcoins are "a currency or a form of money" (specifically securities as defined by Federal Securities Laws), and as such were subject to the court's jurisdiction,[62][63] and Germany's Finance Ministry subsumed bitcoins under the term "unit of account"—a financial instrument—though not as e-money or a functional currency, a classification nonetheless having legal and tax implications.[64]
In October 2013, the FBI seized roughly 26,000 BTC from website Silk Road during the arrest of alleged owner Ross William Ulbricht.[65][66][67] Two companies, Robocoin and Bitcoiniacs launched the world's first bitcoin ATM on 29 October 2013 in Vancouver, BC, Canada, allowing clients to sell or purchase bitcoin currency at a downtown coffee shop.[68][69][70] Chinese internet giant Baidu had allowed clients of website security services to pay with bitcoins.[71]
In November 2013, the University of Nicosia announced that it would be accepting bitcoin as payment for tuition fees, with the university's chief financial officer calling it the "gold of tomorrow".[72] During November 2013, the China-based bitcoin exchange BTC China overtook the Japan-based Mt. Gox and the Europe-based Bitstamp to become the largest bitcoin trading exchange by trade volume.[73]
In December 2013, Overstock.com[74] announced plans to accept bitcoin in the second half of 2014. On 5 December 2013, the People's Bank of China prohibited Chinese financial institutions from using bitcoins.[75] After the announcement, the value of bitcoins dropped,[76] and Baidu no longer accepted bitcoins for certain services.[77] Buying real-world goods with any virtual currency has been illegal in China since at least 2009.[78]"
In fact I was trading the Down swings around this time and remember it quite clearly and the price most deffinatly did not shoot up with any relation to Mt.Gox if anything Mt.Gox was the reason for the fall from the news and panic!
Also, WAKE UP PEOPLE. Wall St's total value is what 2.7 Trillion that took like 100 years to get. Does no one else realize the magnitude of Bitcoin to them. Bitcoin in 10 years or less including its many other Coins under it is worth 658-758Billion or 0.65-0.75T in 1/10th the time Wall St did it and its getting bigger all the time.
I've said it before and Ill say it again there scared because Bitcoin, (and altcoin), traders are used to volatility, We can loose 70% of our gains or investment in a day or an hour and still keep on truckin. But that type of volatility scared the pants off the big traders because they also have investors to explain these situations to and they have no merits to base there explanations on since nothing in the real world short of good and bad news or money in and money out of coins affects the prices very much. And for this reason Wall St will never like it and the fact its outside of there nice controlled systems they designed that benefit the rich and rape the poor. And this new system which does not allow credit, or BS is a new realm to them. Sure there might be some insider trading some of the time but the order books and live stats are available to anyone and everyone equally, unlike stocks where you need crazy memberships just to get short 15 minute delayed stats on the live markets and only the top accounts with over 50,000$ invested can even dream about getting anything better. And you have to pay 6.99-24.99 Per trade the lesser being for the 50k investor, leaving no learning curve for the small guys. So in my opinion its still a way better system and anyone can easily do some research like I have today and not panic sell from every little BS article and simple trade for yourselves. And Bitcoin to Altcoin trades BTW will cost you 0.06-0.08% and Bitcoin/Altcoin to USD (Or your Currency) will cost you 0.18-0.24% on most exchanges or platforms.
If you've read my rant this far I thank you for your time. Some article just really grind my gears :D
PS - Below is some handy trading platforms and tools
I would also like to take a moment just to say anyone interested in a FreeTrading Platform should check out Qt Bitcoin Trader from source forge. Or if your a bit more advanced there is a nice program you can try for free and the trial is the the same as the full version (I have used both since I bought it shortly after) and that is called LeonarDo by margin software a very talented German company.
Qt Bitcoin Trader - https://sourceforge.net/projects/bitcointrade Leonardo - https://marginsoftware.de/product.html
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

01-16 16:43 - 'Bitcoin is fraudulent and nothing but insider Trading ...NO, Researchers find that one person likely drove Bitcoin from $150 to $1,000 ....NO. Try more FUD' (self.Bitcoin) by /u/Theguy3993 removed from /r/Bitcoin within 564-574min

'''
Yeah ok keep pumping out the articles about this so funny I would bet the articles stating bitcoin went to 1000$ on fraudulent money is 100% posted by insider traders or Wall St.. And Its no secret Wall St is driven by insider trading. Heck you can watch a documentary that shows how they do insider trading using loopholes of having a couple people down the line get the info that they "donate" money to for information. But anyways I just wanted to post another rant and laugh... Also, if you want to claim bitcoin is fraudulent based on a couple people who traded 36 million dollars worth of a coin worth 250 Billion on average give or take 50 billion or 0.000144% of bitcoin then I guess all banks should close tomorrow since 90% of all money banks handle have traces of cociane on them and clearly came from fraudulent places.
Again, I will state bitcoin will rise and fall like it always does pretty much only falling from fake news pumped in sync with sell offs to try to get more for cheap, and thats fine its so obvious to me also I have traded since before Mt.Gox and the coins never went to its peak and stayed there untill after the fall of Mt.Gox. The timeline may show that right before Mt.gox froze the price of BTC was going up. Until around that time but anyone who used MT.Gox knows that no one could move, trade or withdraw there funds long before it was froze and it finally froze from the lawsuits regarding this so essentially Mt.Gox was out of the game.
And for those who like facts here you are I will include the links also
[link]1
"On 15 May 2013, the US authorities seized accounts associated with Mt. Gox after discovering that it had not registered as a money transmitter with FinCEN in the US.[52][53]
On 17 May 2013, it was reported that BitInstant processed approximately 30 percent of the money going into and out of bitcoin, and in April alone facilitated 30,000 transactions,[54]
On 23 June 2013, it was reported that the US Drug Enforcement Administration listed 11.02 bitcoins as a seized asset in a United States Department of Justice seizure notice pursuant to 21 U.S.C. § 881.[55] It is the first time a government agency has claimed to have seized bitcoin.[56][57]
In July 2013 a project began in Kenya linking bitcoin with M-Pesa, a popular mobile payments system, in an experiment designed to spur innovative payments in Africa.[58] During the same month the Foreign Exchange Administration and Policy Department in Thailand stated that bitcoin lacks any legal framework and would therefore be illegal, which effectively banned trading on bitcoin exchanges in the country.[59][60] According to Vitalik Buterin, a writer for Bitcoin Magazine, "bitcoin's fate in Thailand may give the electronic currency more credibility in some circles", but he was concerned it didn't bode well for bitcoin in China.[61]
On 6 August 2013, Federal Judge Amos Mazzant of the Eastern District of Texas of the Fifth Circuit ruled that bitcoins are "a currency or a form of money" (specifically securities as defined by Federal Securities Laws), and as such were subject to the court's jurisdiction,[62][63] and Germany's Finance Ministry subsumed bitcoins under the term "unit of account"—a financial instrument—though not as e-money or a functional currency, a classification nonetheless having legal and tax implications.[64]
In October 2013, the FBI seized roughly 26,000 BTC from website Silk Road during the arrest of alleged owner Ross William Ulbricht.[65][66][67] Two companies, Robocoin and Bitcoiniacs launched the world's first bitcoin ATM on 29 October 2013 in Vancouver, BC, Canada, allowing clients to sell or purchase bitcoin currency at a downtown coffee shop.[68][69][70] Chinese internet giant Baidu had allowed clients of website security services to pay with bitcoins.[71]
In November 2013, the University of Nicosia announced that it would be accepting bitcoin as payment for tuition fees, with the university's chief financial officer calling it the "gold of tomorrow".[72] During November 2013, the China-based bitcoin exchange BTC China overtook the Japan-based Mt. Gox and the Europe-based Bitstamp to become the largest bitcoin trading exchange by trade volume.[73]
In December 2013, Overstock.com[74] announced plans to accept bitcoin in the second half of 2014. On 5 December 2013, the People's Bank of China prohibited Chinese financial institutions from using bitcoins.[75] After the announcement, the value of bitcoins dropped,[76] and Baidu no longer accepted bitcoins for certain services.[77] Buying real-world goods with any virtual currency has been illegal in China since at least 2009.[78]"
*** In fact I was trading the Down swings around this time and remember it quite clearly and the price most deffinatly did not shoot up with any relation to Mt.Gox if anything Mt.Gox was the reason for the fall from the news and panic!
Also, WAKE UP PEOPLE. Wall St's total value is what 2.7 Trillion that took like 100 years to get. Does no one else realize the magnitude of Bitcoin to them. Bitcoin in 10 years or less including its many other Coins under it is worth 658-758Billion or 0.65-0.75T in 1/10th the time Wall St did it and its getting bigger all the time.
[link]2
I've said it before and Ill say it again there scared because Bitcoin, (and altcoin), traders are used to volatility, We can loose 70% of our gains or investment in a day or an hour and still keep on truckin. But that type of volatility scared the pants off the big traders because they also have investors to explain these situations to and they have no merits to base there explanations on since nothing in the real world short of good and bad news or money in and money out of coins affects the prices very much. And for this reason Wall St will never like it and the fact its outside of there nice controlled systems they designed that benefit the rich and rape the poor. And this new system which does not allow credit, or BS is a new realm to them. Sure there might be some insider trading some of the time but the order books and live stats are available to anyone and everyone equally, unlike stocks where you need crazy memberships just to get short 15 minute delayed stats on the live markets and only the top accounts with over 50,000$ invested can even dream about getting anything better. And you have to pay 6.99-24.99 Per trade the lesser being for the 50k investor, leaving no learning curve for the small guys. So in my opinion its still a way better system and anyone can easily do some research like I have today and not panic sell from every little BS article and simple trade for yourselves. And Bitcoin to Altcoin trades BTW will cost you 0.06-0.08% and Bitcoin/Altcoin to USD (Or your Currency) will cost you 0.18-0.24% on most exchanges or platforms.
If you've read my rant this far I thank you for your time. Some article just really grind my gears :D
PS - Below is some handy trading platforms and tools
I would also like to take a moment just to say anyone interested in a FreeTrading Platform should check out Qt Bitcoin Trader from source forge. Or if your a bit more advanced there is a nice program you can try for free and the trial is the the same as the full version (I have used both since I bought it shortly after) and that is called LeonarDo by margin software a very talented German company.
Qt Bitcoin Trader - [link]3 Leonardo - [link]4
'''
Bitcoin is fraudulent and nothing but insider Trading ...NO, Researchers find that one person likely drove Bitcoin from $150 to $1,000 ....NO. Try more FUD
Go1dfish undelete link
unreddit undelete link
Author: Theguy3993
1: https://en.wikipedia.org/wiki/History_of_bitcoin#2013 2: www*w***dcoinind*x.*om/ 3: s*u*c*forge*ne*/*roje*ts/bitc*intr**e 4: ma**insof*ware.de*p**duct.ht**
Unknown links are censored to prevent spreading illicit content.
submitted by removalbot to removalbot [link] [comments]

BITCOIN ATM WIEN - BTC Auszahlung, Abhebung - Wie man Bitcoins verkauft - Litecoin, Bcash ... Bitcoin ATM a Trieste in Friuli Venezia Giulia - YouTube Bitcoin Foundation is Wrong! BitcoinLaw -

FinCEN provides bitcoin ATM operators with detailed information on each of the “four pillars,” including specific recordkeeping and reporting requirements. 4. Test your AML program, customer and transactional controls. Alright, you have a robust AML program in place. Now it’s time to test your AML controls before going live. Start by running some sample transactions from your bitcoin ... With any new industry, the opportunities come first and the regulations usually follow. The Bitcoin ATM industry is pretty new, with the first machine in the U.S. going online in February 2014 and as of this writing, there are 2,227 Bitcoin ATM kiosks in the U.S. and a total of 3,750 crypto ATM kiosks worldwide. Currently, regulations are in place, but aren’t being enforced. Our Bitcoin ATM Kiosks deliver the ability to buy and sell multiple digital currencies using state-of-the-art terminals. Smart Bit, Inc. Bitcoin ATM’s are secure, fast and provide a simple method to purchasing multiple cryptocurrencies, including Bitcoin, Litecoin, Ethereum and Bitcoin Cash. FinCEN's rules define certain businesses or individuals as money services businesses (MSBs) depending on the nature of their financial activities. MSBs have registration requirements and a range of anti-money laundering, recordkeeping, and reporting responsibilities under FinCEN's regulations. The guidance considers the use of virtual currencies from the perspective of several categories ... Bitcoin ATM ist ein spezielles Gerät, das ähnlich wie ein herkömmlicher Geldautomat funktioniert, jedoch mit zusätzlicher Funktionalität, die es eher wie eine physische Vermittlung funktioniert. Es gibt mehrere Maschinentypen, die jedoch im Allgemeinen in Einweg- oder Zweiwegmaschinen unterteilt sind. 1-Wege-Automaten oder Kioske ermöglichen die Einzahlung von Bargeld und den Abzug von ...

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BITCOIN ATM WIEN - BTC Auszahlung, Abhebung - Wie man Bitcoins verkauft - Litecoin, Bcash ...

FinCEN released Guidance on March 18, 2013 regarding BSA Regulations to Virtual Currencies. The Bitcoin Foundation issued guidance on March 19, 2013 to the Bitcoin community in s response to ... Was die wenigsten jedoch wissen ist, dass bereits unzählige Bitcoin ATM 's auf dem gesamten Globus weltweit funktionstüchtig sind und uns erlauben ganz bequem Bitcoins am Bitcoin ATM zu kaufen ... HOST BANCOMAT BITCOIN ATM TRIESTE: CryptoLocalATM C/O Lop Store Extreme Vape Trieste Via dell'Istria 14 34137 Trieste (Italy) PORTAMI QUI CON MAPS: htt...

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