imfed (OP)
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December 03, 2012, 09:14:10 AM
Last edit: December 03, 2012, 11:01:39 AM by imfed |
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Bitcoin exchange VirWoX is controlled by a well known Austrian law firm that is specialized in banking and business law.
VirWoX is operated by Virtual World Services GmbH in Vienna, Austria, which is owned by HBA Beteiligungs GmbH, an investment vehicle that was registered at the address of law firm HBA (Held Berdnik Astner & Partner Rechtsanwälte GmbH) based in Graz.
HBA was founded by Dr. Guido Held (born 1944), a well connected Austrian lawyer who recently received 4,6 Mio. Euro from the Austrian Ministry of Finance to investigate the failure of the Austrian bank Hypo Alpe Adria. He was president of the Styrian Chamber of Lawyers and candidate for the Austrian Parliament (Link: PDF, page 21) for the Austrian Conservatives (ÖVP). The current Minister of Finance is also member of ÖVP. HBA employs about 50 lawyers with offices in Graz, Vienna and Klagenfurt. Full article: http://imfed.org/2012/12/03/austrian-banking-lawyers-invest-in-bitcoin-exchange/In our opinion VirWoX's business model (trading BTC only with "playmoney currency" SLL) has the lowest risk of being shut down by a government for regulatory reasons. A high profile law firm as official owner (or trustee) should be able to sustain low compliance risk. What do you think? Are banking lawyers the right owners for a Bitcoin exchange? |
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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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ThomasV
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December 03, 2012, 09:23:49 AM |
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I believe they are right:  |
Electrum: the convenience of a web wallet, without the risks
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Lethn
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December 04, 2012, 07:28:00 AM |
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It all depends if they are competent banking lawyers, anything else doesn't matter, I have nothing against banking by itself, I just hate central banking propped up by governments.
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imfed (OP)
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December 04, 2012, 10:27:02 PM |
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It all depends if they are competent banking lawyers, anything else doesn't matter, I have nothing against banking by itself, I just hate central banking propped up by governments.
It seems that they know the national and European laws and how to deal with the Austrian Financial Markets Authority (FMA). Other exchanges like Bitstamp (Slovenia) or Mt.Gox (Japan, Poland, Delaware) are more likely to be shut down by regulators. It's interesting to see that the only exchange that offers anonymous deposits via Paysafecard or Ukash has built a secure legal framework for their business model. |
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Rob E
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December 04, 2012, 10:42:56 PM |
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Well this is a bit like saying are nazis the right owners of jewish shops. .
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FreeMoney
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Strength in numbers
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December 04, 2012, 10:48:42 PM |
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Well this is a bit like saying are nazis the right owners of jewish shops. .
So you agree? |
Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone. |
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MPOE-PR
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December 14, 2012, 10:11:52 PM |
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Most if not all investment vehicles are registered at the address of record of the law firm that prepares their paperwork. This alone does not imply ownership.
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odolvlobo
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December 15, 2012, 04:04:31 AM |
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Well this is a bit like saying are nazis the right owners of jewish shops. .
Alright. I'm invoking Godwin's Law. This thread has ended. |
Join an anti-signature campaign: Click ignore on the members of signature campaigns.
PGP Fingerprint: 6B6BC26599EC24EF7E29A405EAF050539D0B2925 Signing address: 13GAVJo8YaAuenj6keiEykwxWUZ7jMoSLt
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MPOE-PR
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December 15, 2012, 01:12:10 PM |
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Well this is a bit like saying are nazis the right owners of jewish shops. .
Alright. I'm invoking Godwin's Law. This thread has ended. Your attempted thread genocide is duly noted. |
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Haole
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December 16, 2012, 01:14:21 AM |
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Your attempted thread genocide is duly noted.
Your avatar makes me horny, who is that? Thank-you. |
"The future isn't what it used to be." - Yogi Berra
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jasinlee
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December 16, 2012, 01:17:06 AM |
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Hannah Wiggins iirc was the name someone mentioned once.
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TheButterZone
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RIP Mommy
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December 16, 2012, 01:24:26 AM |
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Hannah Wiggins iirc was the name someone mentioned once.
https://twitter.com/aichelux |
Saying that you don't trust someone because of their behavior is completely valid.
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Rob E
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January 02, 2013, 12:58:22 PM |
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Well this is a bit like saying are nazis the right owners of jewish shops. .
Alright. I'm invoking Godwin's Law. This thread has ended. Godwin's "law" is just a claim. . Not a Law. .  |
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