Bitcoin Forum

Bitcoin => Bitcoin Discussion => Topic started by: peter0425 on July 30, 2017, 08:54:49 PM



Title: Do you agree with Polo and Bitfinex stopping their operations in Washington?
Post by: peter0425 on July 30, 2017, 08:54:49 PM
"Major cryptocurrency exchanges Bitfinex and Poloniex have announced in March and late July 2017, respectively, that they would stop their operations in the state of Washington following the enactment of Senate Bill 5031 or the Uniform Money Services Act."

https://cointelegraph.com/news/license-required-poloniex-bitfinex-will-stop-operations-in-washington

Gemini has already complied and secured a license already. But Polo and Bitfinex has declined. Do you agree with those 2 trading platforms decision not to comply and not served customers from Washington?


Title: Re: Do you agree with Polo and Bitfinex stopping their operations in Washington?
Post by: sylance on July 30, 2017, 09:02:22 PM
I just want the government as far away from crypto as possible.  Inch by inch they're going to try and grab as much control as possible.  Fast forward 10-years and it wouldn't surprise me if there's a massive federal department called something like "Cryptocurrency Safety and Economic Freedom Department."  Every blockchain has to be stored or available on centralized servers in Washington DC.

(yes I'm bitter, as someone who's fought the IRS over stock dividends and capital gains)


Title: Re: Do you agree with Polo and Bitfinex stopping their operations in Washington?
Post by: Dude.Lebowski on July 30, 2017, 09:10:24 PM
I just want the government as far away from crypto as possible.  Inch by inch they're going to try and grab as much control as possible.  Fast forward 10-years and it wouldn't surprise me if there's a massive federal department called something like "Cryptocurrency Safety and Economic Freedom Department."  Every blockchain has to be stored or available on centralized servers in Washington DC.

(yes I'm bitter, as someone who's fought the IRS over stock dividends and capital gains)

But worse. Taxes on wages are illegal!

Fuck them, man. I'll be bitter with you :)