matuszed (OP)
|
|
May 23, 2013, 06:38:24 PM |
|
Would this be legal under current securities law. If so anyone know of any coming to market or the idea of any coming to market. I know Bart Chilton of the CFTC thinks they should be regulated which might mean futures and other derivitives under the CFTC arm in them.
|
"Markets can remain irrational longer than you can remain solvent." -Keynes
|
|
|
|
|
|
"In a nutshell, the network works like a distributed
timestamp server, stamping the first transaction to spend a coin. It
takes advantage of the nature of information being easy to spread but
hard to stifle." -- Satoshi
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
DonDe
Newbie
Offline
Activity: 56
Merit: 0
|
|
May 23, 2013, 06:44:09 PM Last edit: May 23, 2013, 07:58:44 PM by DonDe |
|
I dont think US government can regulate bitcoin.. Even if they try, bitcoin will move on everywhere in the world except US.
|
|
|
|
nycgoat
Member
Offline
Activity: 117
Merit: 10
|
|
May 23, 2013, 06:44:53 PM |
|
It is clearly stated on the exchanges that everything is virtual, not real. Not sure if this matters?
|
|
|
|
DonDe
Newbie
Offline
Activity: 56
Merit: 0
|
|
May 23, 2013, 06:49:35 PM |
|
Well the sole purpose of the bitcoin and all the other crypto currencies is that it is decentralized, therefore can not be regulated by government(s). Therefore it can only be banned/prohibited by the government. Which is what i would expect would happen in the US, cause the country has wayy to much control over its citizens.
|
|
|
|
miner_btc
Member
Offline
Activity: 60
Merit: 10
|
|
May 23, 2013, 06:51:17 PM |
|
There are some funds already available that focus on BTC but none that I am aware of that are an official ETF.
|
|
|
|
matuszed (OP)
|
|
May 23, 2013, 07:10:11 PM |
|
An etf would open every schwab and etrade account in the country (US) to the ability to buy and sell BTC. Would help with all the shitty exchange options currently. Kind of like GLD did
|
"Markets can remain irrational longer than you can remain solvent." -Keynes
|
|
|
bitcoinscanada
Member
Offline
Activity: 108
Merit: 10
|
|
May 23, 2013, 07:34:02 PM |
|
I dont think US government can regulate bitcoin.. Even if they try, bitcoin will move on everyone in the world except US.
I'm sure the US government is already trying to figure out how...
|
|
|
|
sprout
Newbie
Offline
Activity: 5
Merit: 0
|
|
May 24, 2013, 12:58:03 AM |
|
|
|
|
|
101Official
Newbie
Offline
Activity: 32
Merit: 0
|
|
May 24, 2013, 01:13:35 AM |
|
For pooled investments, a more realistic idea would be to start an offshore hedge fund.
|
|
|
|
matuszed (OP)
|
|
May 24, 2013, 02:54:43 AM |
|
For pooled investments, a more realistic idea would be to start an offshore hedge fund.
An offshore hedge fund wouldn't really solve the transaction issue with investing in BTC from USD since you cant trade shares of hedge funds but I get your idea.
|
"Markets can remain irrational longer than you can remain solvent." -Keynes
|
|
|
|