These guidelines have nothing to do with Bitcoin. Bitcoin is not mentioned once. Bitcoin is neither "convertible" nor "virtual", nor does it "substitute for" "real" currencies.
Actually you are quite mistaken about this. Bitcoin is CLEARLY a "value transfer system" which is HEAVILY regulated around the world.
My prediction:
1) mt gox gets shut down
2) btc_e gets shut down
3) bitstamp gets shut down
4) fastcash4bitcoins.com gets shut down
5) coingator.com gets shut down
Unless these exchanges (and all others) immediately cease and desist dealing with Americans I predict they get shut down in the next six months.
People may end up in prison over this issue. Even filing now as an MSB is too late. These sites have ALL broken criminal laws within the USA.
Learn more here:
https://bitcointalk.org/index.php?topic=200443.0And "mark my words".
there is a world outside of the USA. and that world has their own laws and rules. americans can travel to those countries and do legal things there (as long as they don't break the rules of their own country) so no offence, what you are saying is just bullshit
Yes, there are places you can have 5 wives...
And execute them for adultery, no offense...
But if you transfer digital currency to Americans or let them gambool...
The US Authorities will hunt you down like dogs (see Full Tilt Poker).
Basically, compared to Ripple...
The Distributed Exchanges batted round here are a joke.
Viceroy is just being realistic...
And I'm adding that Top 10 BTC Exchanges will be Ripple Gateways in 6 months...
Or it's gonna be the Dark Ages for Bitcoin.