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Bitcoin Forum > Bitcoin > Bitcoin Discussion > Press > 2014-03-18 Bloomberg (was)live -How to Deal With Bitcoin: Treasury...David Cohen
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Author Topic: 2014-03-18 Bloomberg (was)live -How to Deal With Bitcoin: Treasury...David Cohen  (Read 3666 times)
FeedbackLoop (OP)
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March 18, 2014, 01:02:33 PM
Last edit: March 18, 2014, 02:41:23 PM by FeedbackLoop
 #1
How to Deal With Bitcoin: Treasury Financial Intelligence Chief David Cohen

http://www.bloomberg.com/live-stream/

*LIVE NOW*

Edit: just finished, lets see if an offline version pops up.
FeedbackLoop (OP)
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March 18, 2014, 01:05:22 PM
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A representative from the "virtual currency community" to be included in some work group for regulations.
FeedbackLoop (OP)
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March 18, 2014, 01:19:33 PM
 #3

He's not sure if "virtual currency" is a currency. It is a way to transfer value.

"The way to look at it is like other financial innovations." Makes a parallel with PayPal when it first came out (in the context of regulations always).
kjlimo
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March 18, 2014, 01:22:48 PM
 #4
Looks awesome, but sound not working... tried refreshing... sound only working for really loud commercials...

EDIT: hopefully a replay will be available later.
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March 18, 2014, 01:24:36 PM
 #5
Thanks for the find/share!

Risks of virtual currency = illicit currency risks? 


FeedbackLoop (OP)
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March 18, 2014, 01:29:46 PM
Last edit: March 18, 2014, 01:47:01 PM by FeedbackLoop
 #6
Quote from: frankenmint on March 18, 2014, 01:24:36 PM
Thanks for the find/share!

Risks of virtual currency = illicit currency risks?  




He was answering when a reporter asked if [cryptocurrencies?] should be affraid of him and his title. He said something like "no" then said that his responsibility was to oversight FinCEN to make sure US sanctions were effective, terrorism-blablabla and money-laundering-etc were in place. Earlier and just now said that buying tickets, beer and cheetos with Bitcoin is not illegal.  
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March 18, 2014, 03:52:08 PM
 #7
hopefully there will be a video...
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FeedbackLoop (OP)
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March 18, 2014, 03:54:18 PM
 #8

A follow up from Bloomberg including a short snippet of the actual interview:

http://www.bloomberg.com/video/how-can-government-regulate-bitcoin-7Yer2ZjjQ7a6fMWecS~Svw.html
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March 18, 2014, 03:55:07 PM
 #9
thx for updating!
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FeedbackLoop (OP)
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March 18, 2014, 04:10:17 PM
 #10

You're welcome! Here's another snippet from the same interview where the focus shifted completely to the current Ukraine situation and sanctions:  

http://www.bloomberg.com/video/will-russia-move-further-into-ukraine-7aLnhM58T6OE_RFW7w2Pgg.html


It started as an offshoot question after Cohen mentioned his responsibility on making sure sanctions are not bypassed (by "virtual currencies").  But this particular snippet was not about Bitcoin (nor "virtual currencies").
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March 18, 2014, 04:29:12 PM
 #11
http://www.coindesk.com/us-treasury-adds-digital-currency-representative-advisory-group/


i guess Matt Miller did a good job too.
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