Read! (US Gov & Bitcoin)

[Bitcoinorama]

In remarks given late last week to the curiously named United States Institute for Peace, the head of the Treasury's Financial Crimes Enforcement Network (FinCEN) vociferously denied any attempts at regulating digital currency... specifically Bitcoin.

http://www.fincen.gov/news_room/speech/pdf/20130613.pdf

[SilverVigilante]

Yes, let's protect the children.

I do like that the speechgiver asks innovators to come up with solutions to laundering. This is much more creative and and free-thinking than strict reg.


http://goldsilverbitcoin.com

[Bogdan]

That is very good news that bitcoin isn't going to be locked down.

[franky1]

i been telling people on the other threads for the last month fincen is american and only interested in american money.

thy have about as much power regulating bitcoin as they have regulating the heat production of a toaster oven made in taiwan.

fincen dont care about health and safety of food preparation machines. all they care about is the FIAT in bank accounts

[jaywaka2713]

Who's next? The IRS?

[ralree]

i been telling people on the other threads for the last month fincen is american and only interested in american money.

thy have about as much power regulating bitcoin as they have regulating the heat production of a toaster oven made in taiwan.

fincen dont care about health and safety of food preparation machines. all they care about is the FIAT in bank accounts

Like the Brazilian real and the Canadian dollar too?  Those are American.

[Serge]

Who's next? The IRS?

speaking of devil..

in other news

http://www.nextgov.com/cybersecurity/2013/06/auditors-and-irs-pan-tax-regulations-bitcoin/65051/

[Bogdan]

Who's next? The IRS?

speaking of devil..

in other news

http://www.nextgov.com/cybersecurity/2013/06/auditors-and-irs-pan-tax-regulations-bitcoin/65051/

I don't think that will be enforceable.

[rovchris]

Hmm - they said they are not going to regulate it.

Rest assured this means they are going to regulate it - the same way the police don't warn you they are going to kick your down at 6am, they want the upper hand.

It will be easier to for them to wipe you down with their minge mops if you don't have a chance to protect yourself.

[esenminer]

The IRS wants to tax your Bitcoin which is understandable since converting to FIAT means income.

FinCEN wants to stop you from laundering money from within the US which is also understandable since that's it purpose.

I think anybody else from now on who uses the phrases

''the governments wants to regulate bitcoin' or 'the banks want to regulate bitcoin' or the more generic ''they want to regulate bitcoin'

should explain exactly what they mean by 'regulate' so that we can at least form some opinion of whether or not it's possible / feasible / logical.

[kelsey]

i been telling people on the other threads for the last month fincen is american and only interested in american money.

thy have about as much power regulating bitcoin as they have regulating the heat production of a toaster oven made in taiwan.

fincen dont care about health and safety of food preparation machines. all they care about is the FIAT in bank accounts

+1 thankyou