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A comment on Paypal has started banning accounts selling anything Bitcoin-related. Parent comment

Re:Paypal has started banning accounts selling anything Bitc... by gamblor956 on Wednesday February 05, 2014 @12:09PM (#7185022)
You're still not getting it. Paypal isn't subject to the foreign currency rules of the FinCEN regulations because virtual currencies aren't foreign currencies. Paypal is still subject to the other rules that apply to money transmitters.
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Re:Paypal has started banning accounts selling anything Bitc... by julespitt on Wednesday February 05, 2014 @12:19PM (#7185102)
Ha, come on! That's what I said, we agree! David Marcus is the one saying that it's like Foreign Exchange, which is weird because we both agree it's not under FinCEN rules.

I never said that Paypal isn't a money transmitter, nor that there are not any other FinCEN rules both PayPal and others have to follow.

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