LostDutchman,
Thank you for updating your post.
No one is trying create "an Authority OVER cryptocurrency". If you understood the technology of the decentralized ledger of bitcoin you would realize that is not possible. Bitcoin is disintermediation on steroids.
DATA is merely a group of bitcoin businesses who are saying that its members are planning to operate their businesses accourding to the laws of their countries as they understand them and to ask for clarity when those laws and regulation are not clear.
Pretty simple.
Also if you could do some research you can see that regulation is doing little to slow the bitcoin economy:
According to Jeff Garzik's
http://bitcoinwatch.com/In the last 24 hours there have been:
55,879 Transactions (2328.29 per hour!)
749,510.38 BTC SENT (31,229.60 BTC per hour)
That is $76,225,205.65 USD at current Mt Gox USD price.
The bitcoin money supply is also currently larger then the GDP of 25 of the worlds countries.
Seychelles 1,031 2012 est.
Solomon Islands 1,011 2012 est.
Gambia, The 918 2012 est.
Guinea-Bissau 870 2012 est.
Sint Maarten 794.7 2008
Grenada 790 2012 est.
Vanuatu 783 2012 est.
Saint Kitts and Nevis 734 2012 est.
Saint Vincent and the Grenadines 712 2012 est.
Northern Mariana Islands 733 2010
Samoa 683 2012 est.
Comoros 600 2012 est.
Dominica 497 2012 est.
Tonga 476 2012 est.
American Samoa 462.2 2005
São Tomé and Príncipe 264 2012 est.
Micronesia, Federated States of 238.1 2008
Cook Islands 183.2 2005 est.
Anguilla 175.4 2009 est.
Kiribati 173 2012 est.
Falkland Islands 164.5 2007 est.
Palau 164 2008
Marshall Islands 161.7 2008 est.
Tuvalu 37 2012 est.
Niue 10.01 2003
Not bad for a 4 year old economy.
![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2Fek21oOq.png&t=665&c=AQnyojE7iftXcQ)