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Title: 2013-05-30 FT: Virtual currencies run into legal trouble in US Post by: n8rwJeTt8TrrLKPa55eU on May 30, 2013, 08:32:45 PM Quote A string of legal actions and regulatory manoeuvres in the US in recent weeks has made life more complicated for people who hope to make a living from trading virtual currencies, which are created by individuals or companies instead of governments, and which are used outside the traditional banking system. A glance at the US section of Localbitcoins.com elicits a stark warning from one legal expert. “You better get yourself registered, or you better get your name off the list real fast,” says Carol Van Cleef, a partner in Patton Boggs’ banking practice and an adviser on anti-money laundering policies. http://www.ft.com/intl/cms/s/2/dc18a5be-c872-11e2-8cb7-00144feab7de.html Title: Re: 2013-05-30 FT: Virtual currencies run into legal trouble in US Post by: aigeezer on May 30, 2013, 10:14:56 PM Quote A string of legal actions and regulatory manoeuvres in the US in recent weeks has made life more complicated for people who hope to make a living from trading virtual currencies, which are created by individuals or companies instead of governments, and which are used outside the traditional banking system. A glance at the US section of Localbitcoins.com elicits a stark warning from one legal expert. “You better get yourself registered, or you better get your name off the list real fast,” says Carol Van Cleef, a partner in Patton Boggs’ banking practice and an adviser on anti-money laundering policies. http://www.ft.com/intl/cms/s/2/dc18a5be-c872-11e2-8cb7-00144feab7de.html From her bio: "Ms. Van Cleef has represented more than 50 banking organizations on a number of federal deposit insurance assessments and coverage issues. She has worked with numerous banks and savings institutions...." http://www.pattonboggs.com/professional/carol-vancleef Title: Re: 2013-05-30 FT: Virtual currencies run into legal trouble in US Post by: meanig on May 30, 2013, 10:24:09 PM Quote A string of legal actions and regulatory manoeuvres in the US in recent weeks has made life more complicated for people who hope to make a living from trading virtual currencies, which are created by individuals or companies instead of governments, and which are used outside the traditional banking system. A glance at the US section of Localbitcoins.com elicits a stark warning from one legal expert. “You better get yourself registered, or you better get your name off the list real fast,” says Carol Van Cleef, a partner in Patton Boggs’ banking practice and an adviser on anti-money laundering policies. http://www.ft.com/intl/cms/s/2/dc18a5be-c872-11e2-8cb7-00144feab7de.html "Either pay me a load of money so I can help you register or I'll grass on you to the Feds" Fuckin' lawyers >:( |