Hey guys. I'm a simple man with a knack for trading. I have a situation here that's probably similar to some of you and I'm hoping any of you can shed some light. Got into bitcoin trading last 3 weeks ago on localbitcoins and I've made some gains due to recent spike in btc price. I've probably made purchases around $1,400 at most. Some of my deals were done with buyers who are also outside the country and converted to USD. Would that constitute my activities as illegal? I just recently read about the FINCEN regulation and I've now decided to stop trading bitcoins. Am I still obligated to register at FINCEN as an MSB even if I'm planning to discontinue after 3-4 weeks of trading? Would I be fine if I just honestly report my gains in my income tax? Or should I fear anyone coming knocking at my door? Please advise. Thanks so much and I would really appreciate it if you can shed some information.