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Author Topic: 2013-01-16 crimeinthesuites.com - Bitcoins: Online Currency’s Uncharted Frontier  (Read 664 times)
julz
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January 16, 2013, 11:50:23 PM
 #1

"Crime in the Suites is authored by the Ifrah Law Firm, a Washington DC-based law firm specializing in the defense of government investigations and litigation."

Quote
Bitcoins: Online Currency’s Uncharted Frontier

2013-01-06

http://crimeinthesuites.com/bitcoins-online-currencys-uncharted-frontier/


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The Bitcoin might just be the surprise of the next generation of e-commerce and its progeny, mobile commerce.
...
Our view is that use of the Bitcoin network has expanded in large part as a natural reaction to overly zealous authorities enforcing anti-money laundering rules and policies against banks and individuals.
...

However, we think the law will take some significant time to catch up with the fast-moving network. It remains to be seen whether current U.S. law can be applied to cover Bitcoins, or if specific legislation would be needed. Further, even if U.S. authorities seek to regulate Bitcoins, actual enforcement would be difficult as there are no stationary “assets” to be seized (not even a domain name or website).
...

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kiba
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January 17, 2013, 03:03:53 AM
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No detection of mistakes. Pretty damn accurate?  Shocked

cbeast
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January 17, 2013, 03:20:50 PM
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I wonder what makes them think that the growth of Bitcoin has to do with AML? Maybe the leniency for banks to do so.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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