Title: It's difficult to set a law over country border Post by: johnyj on October 17, 2012, 03:52:28 AM The biggest difficulty in finding BTC related laws is that BTC's position is higher than any government issued money, it is global
Current laws seldom go over country border, due to the difference in culture and constitution. For example the interbank market is not regulated, it is purely banks' playground Same as internet, at international level, it is very difficult to regulate, the only thing people can do is protecting themself from being harmed, and benefit from the best of it For example, chinese government set a stop to all youtube clips (so called ideology control), while another country will see no reason for that, and chinese people lose lots of useful information in this practice Same, one country can stop BTC, but they also miss the big opportunity brought by this new medium of exchange, and who knows the first country who officially supported BTC (Iceland) will become a robust country in finance since it got rid of banks' control BTC do not conflict with local currency, it just added another choice, which suit inflation-hating people's taste Title: Re: It's difficult to set a law over country border Post by: J-Norm on December 02, 2012, 09:02:39 AM It is a good thing bitcoin does not require any sort of external regulation.
Free market is not just an option for bitcoin, it is the only option. Title: Re: It's difficult to set a law over country border Post by: FreeMoney on December 09, 2012, 06:19:10 AM Same, one country can stop BTC, but they also miss the big opportunity brought by this new medium of exchange, and who knows the first country who officially supported BTC (Iceland) will become a robust country in finance since it got rid of banks' control What does that mean? Cite it? Title: Re: It's difficult to set a law over country border Post by: J-Norm on December 09, 2012, 04:08:07 PM I don't think Iceland supported bitcoin, I think one of their higher ups just said that he does not think there is anything illegal about it. This is just from memory though.
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