I see many people got scared shit out because some govs says that they need a "money transmitter license" for operating with Bitcoin.
Guys, please stop this madness and THINK for a minute!
- That "license" is ONLY for using fiat, legal tender, that is regulated by central banks and govs.
- Bitcoin is NOT recognized as money nor legal tender, that means IT DOES NOT enter under that law or being punishable in any way. The govs must provide REAL PROOF that Bitcoin is money (for them) in order to punish somebody for "illegal" money transmitter. Even if they will do such thing IT WILL BE AGAINST THEMSELVES. That means they will recognize suddenly Bitcoin as legal tender ! That means game over for them.
- If a gov will come to you and say "hey you cannot offer LSP services for these people, using Bitcoin, because you cannot use Bitcoin as money", that means you cannot make any trade, with anything (bricks, shells, nails, stones, whatever shit). That means total stupidity. You can win in any court against them.
What is actually "legal tender"?
LEGAL TENDER means:
Any retailer or individual could refuse to use a legal tender. Nobody can force you to use it.
Why? What is the point of a legal tender then?
The point is that you cannot force a retailer to accept legal tender or indeed any other form of tender. If, however, you buy something from them and there is no contractual barrier to the use of any form of tender, and you offer legal tender in payment, and they refuse it, then they cannot enforce the debt in court.
That's what legal tender means: it's about discharging debts. If you incur a debt you can discharge it with legal tender, but you cannot be forced to incur the debt in the first place, if you see what I mean...