So I'm about to put a bunch of hash online. Been working on a new mine. I have a question about money services business or money transmitter licenses.
If I buy an ATM and said ATM only sells bitcoin that I mine am I a money transmitter?
I'm selling the coin I create and not sourcing it from another party and acting as an intermediary. I'm like farm to table only with bitcoin.
I want to sell the coin I MAKE.
I am of the position if I'm selling the coin I make it is no different than selling anything else you make like corn or artwork etc etc.
I want to sell said bitcoin with an ATM with no KYC on transactions up to say $8000
Thoughts? Things I'm overlooking? Any input would be appreciated.
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source https://www.reddit.com/r/btc/comments/egyqpm/msb_mtl_bitcoin_atm_question/
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