Bitcoin Forum
June 18, 2019, 10:02:47 AM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: 2013-06-05 BTCGlobal - “Massive Parallel Licensing” Program Overcomes Regulato..  (Read 20443 times)
vokain
Legendary
*
Offline Offline

Activity: 1736
Merit: 1000

★YoBit.Net★ 1400+ Coins Exchange


View Profile
June 07, 2013, 10:39:22 PM
 #1

https://btcglobal.net/press/info/bitcoin-start-ups-massive-parallel-licensing-program-launch-overcomes-regul

Crowdsourcing licensing for the regulations required to develop and run Bitcoin businesses legitimately? I like that!

more information here: http://forexmagnates.com/compliance-through-alliance-btc-global-introduces-crowdsourced-bitcoin-regulation/

Quote
Massive Parallel Licensing (MPL) is a partnership program that is part franchising and part crowdsourcing, and which BTC Global believes will provide a solution to “regulatory issues in the United States and worldwide facing bitcoin”. In their prepared statement, BTC Global explained that “the highest hurdle for entrepreneurs interested in launching a Bitcoin exchange business is the significant international and local regulatory requirements.” They added that “it is estimated that an investment of over $10 million would be required to reach total legal compliance in all the U.S. 50 states alone.” To solve this problem, MPL will allow bitcoin operators to partner with BTC Global, and leverage each other’s regulatory infrastructure and resources.

Am I spamming? Report me!
1560852167
Hero Member
*
Offline Offline

Posts: 1560852167

View Profile Personal Message (Offline)

Ignore
1560852167
Reply with quote  #2

1560852167
Report to moderator
PLAY NOW
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1560852167
Hero Member
*
Offline Offline

Posts: 1560852167

View Profile Personal Message (Offline)

Ignore
1560852167
Reply with quote  #2

1560852167
Report to moderator
1560852167
Hero Member
*
Offline Offline

Posts: 1560852167

View Profile Personal Message (Offline)

Ignore
1560852167
Reply with quote  #2

1560852167
Report to moderator
The Bitcoin Catalog
Full Member
***
Offline Offline

Activity: 238
Merit: 100


The Bitcoin Catalog ---> Get Started!


View Profile WWW
June 08, 2013, 04:08:03 PM
 #2

This is a very smart regulatory approach

The Bitcoin Catalog: Second edition coming out in November! Click here for a  FREE pdf catalog!
Follow us on twitter! @BTCcatalog
cypherdoc
Legendary
*
Offline Offline

Activity: 1764
Merit: 1002



View Profile
June 08, 2013, 06:21:38 PM
 #3

the problem as i see it is that the high price per state is set to stifle competition.

i'm sure the regulators interpretation of the rules will change to favor the incumbents.
btceic
Sr. Member
****
Offline Offline

Activity: 392
Merit: 250


♫ A wave came crashing like a fist to the jaw ♫


View Profile WWW
June 08, 2013, 06:31:27 PM
 #4

If I am understanding the consequences of this, then this is excellent news.

♫ This situation, which side are you on? Are you getting out? Are you dropping bombs? Have you heard of diplomatic resolve? ♫ How To Run A Cheap Full Bitcoin Node For $19 A Year ♫ If I knew where it was, I would take you there. There’s much more than this. ♫ Track Your Bitcoins Value
BCB
CTG
VIP
Legendary
*
Offline Offline

Activity: 1064
Merit: 1000


BCJ


View Profile
June 10, 2013, 10:42:53 PM
 #5

Also discussed more in depth here:
https://bitcointalk.org/index.php?topic=231238.msg2433173#msg2433173
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!