|
Title: WSJ is now talking about Bitcoin...Regulation Soon? Post by: New_Frontier on April 17, 2013, 07:18:24 PM Looks like more financial papers are starting to pick up interest on BTC. As many know WSJ is a HUGE paper that is read by millions around the world who are usually interested, work in, etc. the financial sectors of the world. This could mean absolutely nothing at all but what I found interesting was this part of the article. "Financial Crimes Enforcement Network, known as FinCen, last month issued a three-page memo that effectively lays the groundwork to regulate firms that issue or exchange virtual currencies. Among other things, money transmitters must alert authorities if they believe a transaction might be tied to suspicious activity." If it's a BIG IF Bitcoin gets more popular & becomes more mainstream you can bet your bottom dollar we will see some type of regulations taking place to use the currency, trade the currency, invest in the currency, etc. I guess time will tell but I'm willing to go out on a limb here & say to those that are praying the banks & big U.S. financial institutions dont get involved, well that bet would be wrong....
[Suspicious link removed]j.com/article/SB10001424127887324345804578426692340390104.html?mod=djemTECH_h[/url] Title: Re: WSJ is now talking about Bitcoin...Regulation Soon? Post by: biskup on April 17, 2013, 07:23:32 PM Looks like more financial papers are starting to pick up interest on BTC. As many know WSJ is a HUGE paper that is read by millions around the world who are usually interested, work in, etc. the financial sectors of the world. This could mean absolutely nothing at all but what I found interesting was this part of the article. "Financial Crimes Enforcement Network, known as FinCen, last month issued a three-page memo that effectively lays the groundwork to regulate firms that issue or exchange virtual currencies. Among other things, money transmitters must alert authorities if they believe a transaction might be tied to suspicious activity." If it's a BIG IF Bitcoin gets more popular & becomes more mainstream you can bet your bottom dollar we will see some type of regulations taking place to use the currency, trade the currency, invest in the currency, etc. I guess time will tell but I'm willing to go out on a limb here & say to those that are praying the banks & big U.S. financial institutions dont get involved, well that bet would be wrong.... [Suspicious link removed]j.com/article/SB10001424127887324345804578426692340390104.html?mod=djemTECH_h[/url] Yes, I'm sure it's matter of time when exchanges like Mt. Gox will need government licence to run the business. Open source enthusiasts, decentralization-loving anarchists won't be happy as it goes against the principles but I see some advantages too, like better protection of our investment. Title: Re: WSJ is now talking about Bitcoin...Regulation Soon? Post by: New_Frontier on April 17, 2013, 07:25:57 PM I'm not saying I agree with "regulation", etc. But I do agree with your post & yes as it gets more popular we will see regulation.
GRR My link keeps getting removed? Title: Re: WSJ is now talking about Bitcoin...Regulation Soon? Post by: tetheno on April 17, 2013, 07:29:08 PM I'm fine with the regulation of the exchangers. Anyway, hope they don't make something too aggresive.
|