Is It Legal To Run A Bitcoin Faucet As US Citizen?

By Jp Buntinx on January 21, 2021 19:48

Published on September 28, 2018 09:01 by NullTX

The concept of a Bitcoin faucet is quite appealing, as it would provide people with a platform to distribute bitcoins and earn some money through advertising networks such as Google AdSense. However, some countries may look upon this type of activity as money transmission, just because people are giving away money to others without going through established financial institutions. Luckily, states like New York Ð where Bitcoin regulation is in full effect Ð should not require people to obtain specific licenses.
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