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Author Topic: EU to declare bitcoin as 'overlay currency'  (Read 7184 times)
genjix
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September 25, 2011, 09:58:42 PM
 #41

No updated news on an EU directive that is going to take months (if not years).

BTW I should've said currency overlay, not overlay currency as someone correctly pointed out.

I don't post often on the forums, so please direct your questions to me on IRC: genjix in #bitcoinconsultancy
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fivebells
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September 25, 2011, 10:40:45 PM
 #42

What would be the regulatory implications of such a declaration?
Ukigo
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September 26, 2011, 03:57:36 AM
 #43

What would be the regulatory implications of such a declaration?
Who knows !? Smiley

EU bureaucracy is sooo slow.
It can takes years to proceed through all instances.

Given that the EU is on the verge of falling apart,
even maybe this whole issue does not  matter at all.

"...Enemies are everywhere ! Angka is all rage ! Be a good soldiers, blow everything... " <-- Pol Pot (C)
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September 26, 2011, 11:15:27 AM
 #44

What would be the regulatory implications of such a declaration?

It means that just before Greece crashes and burns they will implement a few stores that use Bitcoins then blame it for the financial collapse.

So "overlay currency" translates to "scapegoat".

j/k

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Frozenace
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October 10, 2011, 10:28:58 AM
 #45

The bitcoin economy is peanuts compared to the money that's being thrown around by banks. Everything seems to be credit credit credit anwyay.

You can't really have a negative bitcoin balance in your wallet.

You can't even be sure where your Gold is, if it's not physical Gold in your house.

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February 20, 2012, 11:16:23 AM
 #46


Maybe we should advertise them as pieces of mathematical art because that's what they are, really Wink

I like the mathematical art analogy. The first legal case will be interesting when defendant has to stand up and spill the bitcoin out of his head because he used BrainWallet. https://en.bitcoin.it/wiki/Brainwallet

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I also cover the bitcoin economy for Forbes, American Banker, PaymentsSource, and CoinDesk.
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February 20, 2012, 12:09:31 PM
 #47

Watching thread.

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February 20, 2012, 03:22:43 PM
 #48

Oh hey, this was revived from 5 months ago. Nevermind…

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