Be Vigilant on Compliance, Coinbase Warns Bitcoin Startups

[Coinbuddy]

One of the largest players in bitcoin has warned fledging startups to remain vigilant on regulatory compliance issues.

Coinbase's associate counsel Sarah Hody urged entrepreneurs to follow the firm's "proactive" stance in front of a packed audience at bitcoin developer meetup in San Francisco’s South of Market district.

Hody, who worked at several different law firms prior to joining the cryptocurrency space, noted that a number of other sectors, including food services and the automotive industry, have regulatory bodies that ensure consumer protection.

SOURCE: http://www.coindesk.com/be-vigilant-on-compliance-coinbase-warns-bitcoin-startups/

[ACCTseller]

This is true. Bitcoin is a magnet for regulators and law enforcement. If you are doing bitcoin related business and are not following the letter (and spirit) of the law to the "t" then you are at risk.

Hopefully the regulatory landscape will change in the future, and it probably will over time when regulators see the economic benefits of bitcoin being part of the economy

[Amph]

hopefully this is true for US only, in euro or other part of the world is still a thing not needed and bitcoin isn't regulated, probably because all the big business are in the usa