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Author Topic: Bitcoins are not "legalized" in the US - understanding FinCEN's announcement  (Read 5310 times)
WiW
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March 22, 2013, 06:55:51 AM
 #21

please change the title of this post. It's missleading and wrong

How so?
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deathcode
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March 22, 2013, 01:45:46 PM
 #22

please change the title of this post. It's missleading and wrong

How so?

"Bitcoins are not "legal" in the US"

Bitcoins are perfectly legal in the US, as a matter of fact, the FinCEN statement does not say anything about decentralized currencies being illegal, all it says is that money transmitters should register their activities with them.

Bitcoins are perfectly legal in the US and all over the world. <--- this is a fact as of today.



flower1024
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March 22, 2013, 01:47:31 PM
 #23

please change the title of this post. It's missleading and wrong

How so?

"Bitcoins are not "legal" in the US"

Bitcoins are perfectly legal in the US, as a matter of fact, the FinCEN statement does not say anything about decentralized currencies being illegal, all it says is that money transmitters should register their activities with them.

Bitcoins are perfectly legal in the US and all over the world. <--- this is a fact as of today.




i think "legal" in this context mean: does the us gov puts regulation on it. NOT if its illegal (or the opposit).
please natives: correct me Wink

deathcode
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March 22, 2013, 02:06:36 PM
 #24

please change the title of this post. It's missleading and wrong

How so?

"Bitcoins are not "legal" in the US"

Bitcoins are perfectly legal in the US, as a matter of fact, the FinCEN statement does not say anything about decentralized currencies being illegal, all it says is that money transmitters should register their activities with them.

Bitcoins are perfectly legal in the US and all over the world. <--- this is a fact as of today.




i think "legal" in this context mean: does the us gov puts regulation on it. NOT if its illegal (or the opposit).
please natives: correct me Wink

Just use "Bitcoin are not regulated in the US" the phrase shows ambiguity and the way you understand it is not the way I understood it and that shows that is misleading to say the least, especially if you have to ask the "natives" to validate your statement.

WiW
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March 22, 2013, 03:11:56 PM
 #25

Just use "Bitcoin are not regulated in the US" the phrase shows ambiguity and the way you understand it is not the way I understood it and that shows that is misleading to say the least, especially if you have to ask the "natives" to validate your statement.

Fixed to "not legalized", since that was the intention of the post. Whether or not they are considered "legal" as long as they haven't been outlawed is up to whoever to decide. I'm just saying that they haven't been declared legal as many seemed to gather from the announcement.
Big Time Coin
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March 23, 2013, 01:48:48 AM
 #26

It was perfectly clear in their statement that markets for exchanging BTC for fiat currencies are to be regulated (not banned, not illegal).
It was also perfectly clear that buying things (i.e. goods and services) is not illegal and not to be regulated.

It was all spelled out plain as day.

qft

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