money transmitting business?

[marcel]

Oh Amway is definitely MLM. And I don't like either one however I do like bitcoin.

Marcel, you seem to be suggesting STETKIW could have avoided the charge of operating an unlicensed money transmitting business by avoiding Federal Reserve currency?

Yes. It could be much like the federal income tax, an excise due on Fed income but you can't discover it from reading the tax code, the statutes alone. It's hidden. You needs keys, a larger perspective and some awareness of the history of money.

Say you were trading silver in one hand for lawful money in the other. Is that a "money transmitting business"? I'm sure the bankers would say so. They need control, to keep everyone using the privileged central bank currency and lockdown all avenues of escape with licenses and rules. Do you need a license to trade, to buy and sell? No, that is your right - unless you're using a privileged currency - FRNs. In the course of STETKIW's business he likely used FRNs, banks and electronic funds transfers, etc. unaware of the nexus. And that requires a license.

Its a mind game to make you think a license is needed to trade money. You don't unless it's their money.
The title of the article is wrong. He wasn't charged because bitcoin is money - they got him for using FED money without a license. Just my opinion.