SEC agent (OP)
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America, land of the free
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May 18, 2013, 09:10:03 PM
Last edit: May 18, 2013, 09:26:58 PM by SEC agent |
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And what about the US based exchanges with the proper licenses?
As long as the exchanges are complying with all of the laws and regulations in all of the countries they do business in, and are paying all of the appropriate taxes, there is no problem. Of course, this is easier said than done, and will require things like full and proper identification of all of their clients, and reporting of any suspicious activity to the proper authorities. |
"It may be laid down as a primary position, and the basis of our system, that every Citizen who enjoys the protection of a Free Government, owes not only a proportion of his property, but even of his personal services to the defense of it." -George Washington
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The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
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notme
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May 18, 2013, 10:09:18 PM |
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And what about the US based exchanges with the proper licenses?
As long as the exchanges are complying with all of the laws and regulations in all of the countries they do business in, and are paying all of the appropriate taxes, there is no problem. Of course, this is easier said than done, and will require things like full and proper identification of all of their clients, and reporting of any suspicious activity to the proper authorities. You make it sound like regulations are purposefully difficult to comply with. |
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BitcoinAuthor
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May 19, 2013, 12:07:39 AM |
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The largest exchange not being on US Soil is bad for the Government. What's not in the US can't be controlled.
Unfortunately, that's no longer true, thanks to Mutual Legal Assistance Treaties. Here's the one between the U.S. and Japan: http://www.mofa.go.jp/region/n-america/us/treaty0308.htmlI'm not implying that the U.S. will pursue Gox in Japan for failure to register with FinCen, but the mechanism is in place should they choose to. As in controlling Bitcoin. Stoping it from becoming the dominant world currency. If the dollar stops being the world reserve currency, the US is screwed. No more printing money to pay for wars! |
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SEC agent (OP)
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America, land of the free
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May 19, 2013, 01:43:36 AM |
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You make it sound like regulations are purposefully difficult to comply with.
No, it's simply a side effect of dealing with finances internationally. You have to comply with your own countries laws as well as the laws in any country you are dealing with. FATF/UNODC/IMF recommendations need to be taken into consideration as well. |
"It may be laid down as a primary position, and the basis of our system, that every Citizen who enjoys the protection of a Free Government, owes not only a proportion of his property, but even of his personal services to the defense of it." -George Washington
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QuestionAuthority
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You lead and I'll watch you walk away.
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May 19, 2013, 01:47:56 AM |
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You make it sound like regulations are purposefully difficult to comply with.
No, it's simply a side effect of dealing with finances internationally. You have to comply with your own countries laws as well as the laws in any country you are dealing with. FATF/UNODC/IMF recommendations need to be taken into consideration as well. So, are you full of shit at no extra cost or are my tax dollars paying for that too? |
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SEC agent (OP)
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America, land of the free
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May 19, 2013, 01:58:09 AM |
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So, are you full of shit at no extra cost or are my tax dollars paying for that too?
Your tax dollars are being used to prevent criminal organizations and terrorists from laundering money across the globe. |
"It may be laid down as a primary position, and the basis of our system, that every Citizen who enjoys the protection of a Free Government, owes not only a proportion of his property, but even of his personal services to the defense of it." -George Washington
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evilscoop
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May 19, 2013, 02:00:23 AM |
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sorry but us thinks everyone is a terrorist....
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QuestionAuthority
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You lead and I'll watch you walk away.
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May 19, 2013, 02:04:24 AM |
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So, are you full of shit at no extra cost or are my tax dollars paying for that too?
Your tax dollars are being used to prevent criminal organizations and terrorists from laundering money across the globe. Well, if it my money that's paying, make sure you torture those nasty terrorists like you did at Abu Ghraib for me. |
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SEC agent (OP)
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America, land of the free
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May 19, 2013, 02:23:51 AM |
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sorry but us thinks everyone is a terrorist....
The US does whatever is necessary to protect its citizens and interests. Well, if it my money that's paying, make sure you torture those nasty terrorists like you did at Abu Ghraib for me.
Torture is a violation of international law, as per the Geneva Conventions. I'm sure you mean "enhanced interrogation", which is not illegal. |
"It may be laid down as a primary position, and the basis of our system, that every Citizen who enjoys the protection of a Free Government, owes not only a proportion of his property, but even of his personal services to the defense of it." -George Washington
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evilscoop
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May 19, 2013, 02:27:33 AM |
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sooo mtgox "free trade" should be legal :p
seriously you yanks do make me giggle
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niko
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May 19, 2013, 02:28:57 AM |
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You have been forewarned.
You have been ignored. |
They're there, in their room.
Your mining rig is on fire, yet you're very calm.
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SEC agent (OP)
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America, land of the free
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May 19, 2013, 02:29:28 AM |
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Get in line.
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"It may be laid down as a primary position, and the basis of our system, that every Citizen who enjoys the protection of a Free Government, owes not only a proportion of his property, but even of his personal services to the defense of it." -George Washington
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SEC agent (OP)
Member
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Activity: 98
Merit: 10
America, land of the free
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May 19, 2013, 02:30:28 AM |
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sooo mtgox "free trade" should be legal :p
MtGox has had plenty of time and opportunity to operate within the law. |
"It may be laid down as a primary position, and the basis of our system, that every Citizen who enjoys the protection of a Free Government, owes not only a proportion of his property, but even of his personal services to the defense of it." -George Washington
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evilscoop
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May 19, 2013, 02:34:14 AM |
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bored now, please go away or ill replace you with a very small shell script
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SEC agent (OP)
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Activity: 98
Merit: 10
America, land of the free
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May 19, 2013, 02:36:06 AM |
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That sounds like a brilliant idea.
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"It may be laid down as a primary position, and the basis of our system, that every Citizen who enjoys the protection of a Free Government, owes not only a proportion of his property, but even of his personal services to the defense of it." -George Washington
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k3t3r
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May 19, 2013, 10:29:01 AM |
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Mt.Gox will get shut down. They have attracted the attention of government organizations across the world, and their failure to comply with international law will stand no longer...
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Which international law did they fail to comply with? |
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k3t3r
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May 19, 2013, 10:31:57 AM |
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sooo mtgox "free trade" should be legal :p
MtGox has had plenty of time and opportunity to operate within the law. Wasn't the FinCen guidance which changed the definition of bitcoin to be considered a currency thereby changing gox's role to that of an MSB only published in April. and then the warrant was issued... what, like 3 weeks later?. plenty of time, really? |
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