So if USD->Bitcoin is money transmission, if I were a store and sold an iphone for Bitcoin that's not money transmission, even though two things of basically the same value are being traded. What if I sold gold for Bitcoin? What if I sold gold jewelry?
I think the answer is :
- usd->btc yes
- iphone->btc no
- gold->btc yes
- gold, in jewelry form-> BTC no, but maybe?