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Title: [2014-08-03]Bitcoin: 'Digital Currency Regulation Would Curtail Innovation And H Post by: zakoliverz on August 03, 2014, 07:19:44 AM http://www.ibtimes.co.uk/bitcoin-digital-currency-regulation-would-curtail-innovation-harm-businesses-consumers-1459443
New York's attempt to treat digital currencies such as bitcoin in the same manner as other financial instruments by fitting them into an existing legal framework would harm innovation and consumers' independence, according to a digital currency expert. Jesse Powell, CEO of San Francisco-based bitcoin exchange Kraken, told IB Times UK that New York's recent proposal to bring bitcoin businesses under regulation could harm consumers and businesses. Title: Re: [2014-08-03]Bitcoin: 'Digital Currency Regulation Would Curtail Innovation And H Post by: JJB on August 03, 2014, 07:31:07 AM I think if people want bitcoin to suceed or at least become legit they're going to have to put up with some sort of regulation at some point.
Title: Re: [2014-08-03]Bitcoin: 'Digital Currency Regulation Would Curtail Innovation And H Post by: cryptofan5 on August 03, 2014, 07:46:51 AM I don't think the regulation can seriously harm anybody. After all many bitcoin businesses exist out site of NY or US.
Title: Re: [2014-08-03]Bitcoin: 'Digital Currency Regulation Would Curtail Innovation And H Post by: Krang on August 03, 2014, 08:29:50 AM I don't think the regulation can seriously harm anybody. After all many bitcoin businesses exist out site of NY or US. It could cripple or throttle them, but they'll just have to find a way to work around them. |