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new FINCEN report on bitcoin
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Topic: new FINCEN report on bitcoin (Read 2774 times)
3btc
Full Member
Activity: 224
Merit: 101
Re: new FINCEN report on bitcoin
April 21, 2013, 04:30:11 PM
#21
Quote from: Gabi on April 21, 2013, 11:55:40 AM
While the dollar isn't "virtual"?
It is but a) their ponzi scheme is way more sophisticated and b) we, the bitcoin nation, don't have an army... yet. With nukes... Yet.
Sell * Buy * Anything * Decentralized * Free
OpenBazaar.Org
dmartig
Member
Activity: 97
Merit: 10
Re: new FINCEN report on bitcoin
April 21, 2013, 05:50:19 PM
#22
Quote from: Mike Christ on April 21, 2013, 10:25:15 AM
Quote from: Tomatocage on April 21, 2013, 10:24:10 AM
Who cares about fiat money
Banksters and zombies.
THIS
but since banksters rule the world this bears watching.
"competition is sin" j.d. rockefeller
they will punish sinners make no mistake about it. they are attacking gold and silver.
bitcoin is now on their radar
niko
Hero Member
Activity: 756
Merit: 507
There is more to Bitcoin than bitcoins.
Re: new FINCEN report on bitcoin
April 21, 2013, 06:03:39 PM
#23
Nice, but they still don't understand how Bitcoin system operates, or we don't understand the implications of what their well-thought-through statements.
Which of the following are engaged in transmittance of virtual currency:
a) miners, who verify, secure, and include transactions in the ledger
b) pool operators only, not miners contributing hashes to them
c) anyone running a bitcoin client, relaying transactions
They're
there
, in
their
room.
Your
mining rig is on fire, yet
you're
very calm.
Gabi
Legendary
Activity: 1148
Merit: 1009
If you want to walk on water, get out of the boat
Re: new FINCEN report on bitcoin
April 21, 2013, 06:54:38 PM
#24
Quote
b) pool operators only, not miners contributing hashes to them
Even if they go after pool operators, we have p2pool wich is operated by no one!
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BitFence
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ChristianK
Newbie
Activity: 37
Merit: 0
Re: new FINCEN report on bitcoin
April 21, 2013, 08:26:51 PM
#25
Quote
This makes it more of a pain in the rear to operate any kind of Bitcoin/crypto-currency (or other virtual currency) exchange if you're based in the U.S., at least in a complying above ground way.
It means that you can be pretty certain to have a way to run a Bitcoin exchange in the US without being thrown in prison for running it.
klooch
Newbie
Activity: 19
Merit: 0
Re: new FINCEN report on bitcoin
April 21, 2013, 08:39:06 PM
#26
This report is not really anything new, plus there is jsut a few lines about Bitcoin, the rest being self gratification for the great job the FINCEN is working etc etc.
Plus, as it has been mentioned by several others, this only affects US based operations. The EU is due to update their regulations on E-Currencies any time soon, which will give a better the idea of what the regulatory landscape for exchangers is going to look like over the coming years
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