2012-10-30 americanbanker.com - Bitcoin Likely to Grow, Poses Benefits and Risks

[julz]

Bitcoin Likely to Grow, Poses Benefits and Risks: ECB Report
Bitcoin and other virtual currencies can contribute positively to financial innovation but also subject users to various risks, according to a report published recently by the European Central Bank.

Brian Browdie
2012-10-30

http://www.americanbanker.com/issues/177_210/bitcoin-likely-to-grow-poses-benefits-and-risks-according-to-ecb-report-1053998-1.html

...
The ECB cites a decision by the Electronic Frontier Foundation in July 2011 to discontinue accepting donations in bitcoins, citing the currency's legal status. "Bitcoin raises untested legal concerns related to securities law, the Stamp Payments Act, tax evasion, consumer protection and money laundering, among others," Cindy Cohn, the group's legal director, wrote in a blog post that explained the decision.

The ECB report notes that some of the same concerns can arise with cash.
...

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[hazek]

Short, slightly positive and fairly objective summary of the ECB report in which I didn't detect any opinions of the reporter and that I think pretty much nailed all the major points about Bitcoin from the ECB report.

[evoorhees]

Damn you beat me, was just about to post this one

[Akka]

It really is amazing what different articles you can write out of the same report.

Just compare this (rather well) summary, with that (FUD article): https://bitcointalk.org/index.php?topic=121212.0