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Title: 2013-11-17 Coindesk - US has already ceded dominance in bitcoin trading Post by: notthematrix on November 17, 2013, 08:17:47 AM Less than 2% of worldwide bitcoin trading and real-time market making occurs within the US jurisdiction.
http://www.coindesk.com/us-already-ceded-dominance-bitcoin-trading/ Title: Re: 2013-11-17 us already ceded dominance bitcoin trading Post by: dansj on November 17, 2013, 12:27:49 PM I think the chinese will dominance bitcoin trading.
Title: Re: 2013-11-17 us already ceded dominance bitcoin trading Post by: LiteCoinGuy on November 17, 2013, 01:11:37 PM when the US has to much regulation, yes.
Title: Re: 2013-11-17 us already ceded dominance bitcoin trading Post by: zeroday on November 17, 2013, 02:44:46 PM US bitcoin niche is occupied by bitcoin mafia which is monopolist in their country. It's typical situation in over-regulated environment.
Title: Re: 2013-11-17 us already ceded dominance bitcoin trading Post by: ShadowOfHarbringer on November 17, 2013, 02:55:04 PM US bitcoin niche is occupied by bitcoin mafia which is monopolist in their country. It's typical situation in over-regulated environment. Would you care to elaborate ?Title: Re: 2013-11-17 Coindesk - US has already ceded dominance in bitcoin trading Post by: vokain on November 17, 2013, 02:55:11 PM thank you money transmitter laws that require A LICENSE IN EVERY STATE
Title: Re: 2013-11-17 us already ceded dominance bitcoin trading Post by: zeroday on November 17, 2013, 03:12:32 PM US bitcoin niche is occupied by bitcoin mafia which is monopolist in their country. It's typical situation in over-regulated environment. Would you care to elaborate ?As I know there in US is only one bank who serves a few bitcoin businesses. The rest of the businesses are dead because no bank would accept them. Typical American-style monopoly. Title: Re: 2013-11-17 Coindesk - US has already ceded dominance in bitcoin trading Post by: vokain on November 17, 2013, 03:46:48 PM Ms. Sarah Hughes (banking law representative on the Senate panel this week) has read this article!
Title: Re: 2013-11-17 us already ceded dominance bitcoin trading Post by: vokain on November 17, 2013, 03:47:30 PM US bitcoin niche is occupied by bitcoin mafia which is monopolist in their country. It's typical situation in over-regulated environment. Would you care to elaborate ?As I know there in US is only one bank who serves a few bitcoin businesses. The rest of the businesses are dead because no bank would accept them. Typical American-style monopoly. It used to be the IAFCU before regulations forced them to close down their Bitcoin business accounts... which bank serves those Bitcoin businesses now? Citi? Title: Re: 2013-11-17 Coindesk - US has already ceded dominance in bitcoin trading Post by: coqui33 on November 17, 2013, 03:51:15 PM Ms. Sarah Hughes (banking law representative on the Senate panel this week) has read this article! How do you know?It used to be the IAFCU before regulations forced them to close down their Bitcoin business accounts... which bank serves those Bitcoin businesses now? Citi? I too would like to know the name of a U.S. bank or credit union that tolerates bitcoins.Definitely not Citi. they froze my account and siezed my funds because someone whispered the word "bitcoin". Title: Re: 2013-11-17 Coindesk - US has already ceded dominance in bitcoin trading Post by: callem on November 17, 2013, 04:01:13 PM Ms. Sarah Hughes (banking law representative on the Senate panel this week) has read this article! How do you know?It used to be the IAFCU before regulations forced them to close down their Bitcoin business accounts... which bank serves those Bitcoin businesses now? Citi? I too would like to know the name of a U.S. bank or credit union that tolerates bitcoins.Definitely not Citi. they froze my account and siezed my funds because someone whispered the word "bitcoin". Definitely not Bank of America - they are confirmed to have halted ACH transfers to at least one bitcoin related business. How long before they start sharing their SSN 'black lists'? - This doesn't bode well for Coinbase. Title: Re: 2013-11-17 Coindesk - US has already ceded dominance in bitcoin trading Post by: vokain on November 17, 2013, 04:07:56 PM Ms. Sarah Hughes (banking law representative on the Senate panel this week) has read this article! How do you know?She's (http://info.law.indiana.edu/faculty-research/faculty-staff/profiles/faculty/hughes-sarah-jane.shtml) a professor at IU, my school. Title: Re: 2013-11-17 Coindesk - US has already ceded dominance in bitcoin trading Post by: vokain on November 17, 2013, 04:09:40 PM How long before they start sharing their SSN 'black lists'? - This doesn't bode well for Coinbase. Coinbase has Goldman Sachs connections. Title: Re: 2013-11-17 Coindesk - US has already ceded dominance in bitcoin trading Post by: zeroday on November 17, 2013, 05:51:13 PM I was talking about Silicon Valley Bank
Quote Silicon Valley Bank is one of the few banks amenable to Bitcoin clients, according to industry sources, and the only major bank willing to speak on the record about the issue, but even they have pulled back. SOURCE: forbes (http://www.forbes.com/sites/kashmirhill/2013/11/15/bitcoin-companies-and-entrepreneurs-cant-get-bank-accounts/)“We currently work with a couple bitcoin companies, providing deposit accounts,” says spokesperson Carrie Merritt (http://www.svb.com/profile/Carrie-Merritt/). “Until regulatory guidance is clear on banking and payment processing for virtual currency companies, we are not adding new relationships in this sector to our client portfolio.” This is how monopoly is built. Title: Re: 2013-11-17 Coindesk - US has already ceded dominance in bitcoin trading Post by: Alty on November 17, 2013, 06:14:03 PM This is in complete contrast to the volume of BTC entering the US as demonstrated on the site www.fiatleak.com (http://www.fiatleak.com)
Title: Re: 2013-11-17 Coindesk - US has already ceded dominance in bitcoin trading Post by: prophetx on November 18, 2013, 01:38:00 AM I have a real funny story about lbc and bofa. At one point I was careless with my info and someone who I did not know put money into my account via a ecash special operation in bofa dallas, and tried to reuse a receipt.
I spent hours with bofa trying to figure out how it came in and we couldn't id where from. So one of the bankers told me "merry christmas"... you know they aren't so bad if you know how to talk to them. |