Hey Compliance Nerd! A friend of mine who wants to make a investment in Bitcoin. However his concern is declaring it to the government, so a couple years down the road if it is a successful investment he isn't left dealing with AML regulations. Is that something that should be a cause for concern? A Shy Investor Hey & happy new year Shy! I understand that concern, and the...
Hey Compliance Nerd! I would like to serve customers in the USA, but I don’t plan to have staff or offices there (we’re based in Canada). I’ve tried reading through the New York Bitlicense and other money transmitter rules, but it seems complicated and expensive. Basically, I’d like to know if all of that is really necessary if all of our transactions take place online. I don’t want t...