[2014-06-24] "Prepare for backlash" says US Senator Jared Polis to BTC community

[aliceHortrex]

http://cointelegraph.com/news/111913/prepare-for-backlash-says-us-senator-jared-polis-to-btc-community

The Bitcoin community knows that it has a friend in the US capital in the form of Congressman Jared Polis. However, Polis recently warned that the Bitcoin community could soon face challenges from regulators across the world.

[RodeoX]

Bring it. 

[notthematrix]

https://bitcointalk.org/index.php?topic=663096.0
yep who cares about the US , everything will move offshore if they make it to hard.

[DurbanPoison]

https://bitcointalk.org/index.php?topic=663096.0
yep who cares about the US , everything will move offshore if they make it to hard.

Exactly. It kills me how Americans think everyone must answer to the SEC and IRS.

Simply move your Bitcoin business away from US soil like so many other industries are doing and ban IP addresses from the US. If Americans want to use your service they can use a proxy which takes the liability off of the business' hands.

[mercistheman]

If Canada says they are open for business... then that's where my coin is going... only 2 hours away.

[Chef Ramsay]

If Canada says they are open for business... then that's where my coin is going... only 2 hours away.

Initially, me too. I'm about a half hour out so I'll camp out there first and likely make my way to one of the islands. I'll be interested what my family and friends will do in such a situation since very few have heeded my advice about BTC, tho many have metals.

[Cranky4u]

Australian Government loves BTC. The Australian Tax Office (ATO) recently had a ruling that BTC is legal tender, including tax implications, and shall be treated as per personal property for capital gains purposes.

Overall, it is seen as a legit financial tool.

Move your operations to Australia and claim the trips as a tax write off.   

[LiteCoinGuy]

ups and downs. we are used to it.

[spazzdla]

https://bitcointalk.org/index.php?topic=663096.0
yep who cares about the US , everything will move offshore if they make it to hard.

I don't think he was refering to Merica... I think he was  talking about the rest of the world attempting to kill it.  The man is our ally like it or not.

[CoinMode]

We're prepared.

[PatMan]

I'm not sure any politician/senator can be considered an ally, to the banks maybe, but not us.

[CoinMode]

I'm not sure any politician/senator can be considered an ally, to the banks maybe, but not us.

A-greed, agreed. They are only allied to the whomever is shoving money in their pocket.

[nwfella]

The more they tighten their grip the more satoshi's will slip through their fingers.  Instead of trying to stifle innovation in the crypto-currency space they of all people should be promoting it imho.

[fryarminer]

Ironic that one day they are selling BTC and the next day "regulating" it.. Hahaha!