You would not be considered a money transmitter by running your own node. However, if you were to acquire investment in the millions to build a crypto business (which is the foundation of our bitcoin economy), you'd need to make sure you're good with the local law.

Or else your investors might be quite upset.

_arshbot

bitcoin

How BitGo's operation is a legal exception, not the rule

>Instead, this definition is piggybacked by each state (all 50) and used to determine if a business requires a money transmittance license (MTL) in that state. If you wish to do business in a state, you've got to apply. If multiple states, multiple applications. Surety bonds per state range from a floor of 10k to a ceiling for 3m before percentage fees based on existing business. So yea. Getting out of all that is a big deal.

I "got out of all of that" and became a money transmitter just by running my own Bitcoin node. Stop giving a shit about whether or not the government allows you to use Bitcoin or not, just defy them and use it anyway.