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RE: Is trading on LocalBitcoins Illegal? What is Legal trading?
@joseph Curious to hear your KYC/AML thoughts on an investment club for cloud mining. The club accepts bitcoin and purchases cloud mining contracts with internal distribution/liquidation guidelines. I'm of the thinking once it's in Bitcoin, KYC/AML is non-applicable.
As you can see from my post and comments I am more confused than knowledgeable about these things. I am afraid I can not give you any legal opinion. You need to check with the club itself and what their legal representative says.
Thank you for the feedback and I will look into it further. Keep up the great posts!