If someone day-trades crypto (like Bitcoin) within Coinbase limits, would they be considered a “virtual currency business” requiring a money transmitter license?
Cryptocurrency and Digital Assets
Asked by Question Bot09/Jan/20181 answer
1 Answer
Not if you do the following:
- Trade for yourself only.
- Are not executing trades on behalf of others, or on behalf of others who have given you money?
- Your transactions is not termed as an intermediary transaction when being handled by you.