Bitcoin Forum

http://mobile.reuters.com/article/idUSL6N0PE4M420140704?irpc=932

The implication being new rules allowing banks to hold bitcoin are on there way. Note it is 'advice'.

Sounds bullish to me.

This seems so 2013 to me. I think we are passed the point where this advisory really matters. Once Wall Street and us banks get involved in bitcoin, Europe will be forced to move forward with regulations. Europe, as always, is never going to lead.

Perhaps they have seen some moves from EU private banks towards bitcoin and they want to stop it..

The timing is suspect as always, just when technically btc could break out.

Remember the central banks are a global cabal.

Seems that stamp is not amused about it  ;D

why? It's just advice.

I don't know. Maybe we need a reason for a small retracement. If there whould not have been this reason, than maybe that the big economic empire of Burundi has forbidden bitcoin  ;D

when Central bank releases "advice" not to deal with bitcoin means "BAN" bitcoin

They are fucking stupid or what? Bank's does not Hold/Buy or sell bitcoins, people do.
And bank's can't stop you to spend your money even if it's bitcoin or some other virtual currency.

But this a logical problem now, if a bank already holds bitcoins...

...what should they do now?!

They should not hold, but also should not sell them...

 ???  ;D

".......Until new rules in place".

This is actually bullish.

“The more likely result of the announcement is to scare people from using digital currencies rather than banks.”

+ very very bullish ! ;)

the price droping and dumping told you this is more bear trap than bull trap, stop fooling people !

1. "keep away from bitcoin!"
2. (secretly buy shit load of bitcoins yourself)
3. "now buy bitcoin!"
4.
5. profit

except it doesnt, at all. maybe you don't understand english well, but there is a reason we have a word for advice, another word for regulation, and a whole different word for ban. they do not correlate. you are dumb.

perhaps you also don't understand what a bear trap is? let me illustrate it for you. V. see the middle? thats where we are. see the right side? can you guess where that is on the time line? probably not, cuz you're dumb.

you say this is a good buying time? then go ahead sell your house and buy bitcoins or stop fooling people

http://www.eba.europa.eu/documents/10180/657547/EBA-Op-2014-08+Opinion+on+Virtual+Currencies.pdf

just read the thing..

"178. The EBA also recommends that EU legislators consider declaring virtual currency exchanges
as ‘obliged entities’ that must comply with anti-money laundering and counter terrorist
financing requirements set out in the EU Anti Money Laundering Directive"


stamp is already doing this.

And the reason (other than the obvious...OP) why this is in the Speculation forum?

Burn the private keys!

Bitstamp will now have to revise their AML questionnaire to comply with EU standards.

Question 11) Are you a terrorist?

 ;D

The banks are afraid after United States legalized the Bitcoins holding, selling and buying (with the Auction of FBI), so they want create panic in the financial institutions and people and preserv they power.

Here's the first thing they want to bring with this regulation:

Scheme governance authority

153. To address risk driver a)
 –
 i.e. that anyone, including criminals, can anonymously create a VC without being held responsible for any changes made to the VC protocol, or other core elements of the VC scheme by others at a later stage
 –
 the creation of an entity that is accountable to the regulator would need to be a mandatory requirement for a VC scheme to be regulated as a financial service and for it to be allowed to interact with existing regulated financial services. 154.
 
The entity would be called the ‘scheme
governance
authority’, which is a non
-governmental entity that establishes and governs the rules for the use of a particular VC scheme.
24
 It is a legal person, and is responsible for maintaining the integrity of the central transaction ledger, the protocol, and any other core functional component of the scheme. The scheme governance authority would be required to comply with regulatory and supervisory requirements of various kinds to mitigate identified risks

Which implies:
1. The EBA expects that banks are interested in buying, selling and holding bitcoin, and
2. Once the rules are in place, banks are free to do.

Uber-bullish.  Although I would rather banks did not touch bitcoin.

Please tell me that this is not true!

A few years ago I filled in this US-ESTA form and I thought:


Must you travel through this country of apparently retards?

1. Are you a spy?
2. Have you the intention to commit terroristical activities in the US?
3. Was you involved into nazi crimes?


Seems that the EU is not more sophisticated  >:(

+1

Can anyone here remove Falllling from this forum? he keeps trolling and acting like a real retard what results in toxine pages.

That is indeed bullish, however it will take a long time for these per a-bears to understand that this news is not bearish.

Seriously I'd expect the people on this forum to be smarter but most of them seem pretty stupid.

YES, yes to all

http://stickerish.com/wp-content/uploads/2012/03/YouDontSayBlackSS.png

i am buying bitcoins failing. hows that drop to 300 last month coming? oh never happened? imagine that...

lets just thank them for the opportunity to keep buying more before it goes to 700

PBOC issues warning: price drops 60%
EBA issues warning: price drops 4.5%

Y u so weak EBA? :D

So basically the EBA is recommending its customers (banks) to not prefer a competing product (Bitcoin) over its own product (Euro). Why would this be news in any way?

It's like Coca Cola advising people to not drink Pepsi.

Well, not until Pepsi will be properly regulated!  :D

It's not bearish, but some idiotic bank clerks may interpret it the wrong way and be difficult about sending / withdrawing fiat to / from exchanges.

delete this fuckin' topic because it's written in CAPS, no matter the crap in it.

Or rather move it to: Bitcoin Discussion > Press.  WHERE IT BELONGS.

This shit doesn't belong here.  It's not speculation, it's news.  Put it in the news section.

Come on just join the party, tying to spin this as it were "good for Bitcoin" and "really bullish".

I tried, but I almost had an aneurism.

Banks invest most of their customer's money in other assets other than fiat(foreign currencies, stocks, gold, stuff like that), its called fractionary reserve. They could invest in bitcoin too.


1 -  "keep away from bitcoin!"
2 - Price drops by less than $20
3 - You can only facepalm yourself by your failure

Why would you wait until there are laws or rules that will tax the amount you buy, better to buy now and nobody knew you did it.