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Title: [2016-06-29]Are AML, KYC and Other Regulations Really Important for Bitcoin? Post by: BTCBinary on June 29, 2016, 01:14:01 PM Are AML, KYC and Other Regulations Really Important for Bitcoin?
There has been some debate on the need of blanket Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations for Bitcoin and other digital currencies. Even though it is a long-standing debate, it was further fueled by a recent blog post by Tim Swanson, the Director of Market Research at R3CEV, where he calls for such regulations by giving examples of few frauds and Ponzi schemes in the cryptocurrency sector... http://www.newsbtc.com/2016/06/29/are-aml-kyc-and-other-regulations-really-important-for-bitcoin/ Title: Re: [2016-06-29]Are AML, KYC and Other Regulations Really Important for Bitcoin? Post by: Kprawn on June 29, 2016, 07:37:56 PM How much do you want to bet me that the guys over at R3CEV wants to use this as the building blocks for their NEW ::) Private Blockchain/ledger system they are working on with our old friend,
Mike Hearn? They will bad mouth Bitcoin over this and use this as a scare tactic to get governments to back their technology. These people are so predictable, it's not even funny anymore. Most of the regulated exchanges already adhere to these regulations in any way, so they need to wake up and try to attack from another angle. ;D ;D ;D |