One month following the news that the Casascius physical bitcoin minting operation came to a grinding halt comes the news that some operations will resume selling some coins, according to a post this weekend.
The post indicates that Mike Caldwell, who heads the operation, will soon begin selling the Casascius aluminum coin, which is unfunded and does not hold a value in bitcoin.
Caldwell also indicates that he’s planning to sell traditional Casascius coins, save for the fact they too will be unfunded — so as to not continue running a “money-transmitting” business, as seen by the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN).
“These coins will have usable (but empty) private keys and can be fully funded by the buyer,” writes Caldwell. “They are essentially paper bitcoin wallets inside a coin container.”
Finally, Caldwell indicates that he’ll be able to sell funded coins (in bulk) face-to-face in the state of Utah. Caldwell writes “It is my understanding that the state of Utah does not currently consider sales of this nature to be subject to state regulation as money transmission.”