Comment: Regular BC users come off

(See in situ)

In reply to comment: Am I grasping this correctly? (see in situ)

Regular BC users come off

Regular BC users come off lightly with this regulation. It's the American exchanges (and potentially the miners as well) that may have to pay up money to get money transmitter licenses in order to lawfully operate. These licenses cost ten thousands of dollars and you need to get a license for each state you plan to service.

It would significantly hike up the transaction costs for BC users that go to American exchanges in order to use their services.

Here's a link going at it in detail:

http://bitcoinmagazine.com/fincen-bitcoin-users-not-regulate...