2014-03-18 Bloomberg (was)live -How to Deal With Bitcoin: Treasury...David Cohen

[FeedbackLoop]

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.

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[FeedbackLoop]

A representative from the "virtual currency community" to be included in some work group for regulations.

[FeedbackLoop]

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]

Looks awesome, but sound not working... tried refreshing... sound only working for really loud commercials...

EDIT: hopefully a replay will be available later.

[frankenmint]

Thanks for the find/share!

Risks of virtual currency = illicit currency risks? 

[FeedbackLoop]

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.  

[LiteCoinGuy]

hopefully there will be a video...

[FeedbackLoop]

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

[LiteCoinGuy]

thx for updating!

[FeedbackLoop]

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").

[LiteCoinGuy]

http://www.coindesk.com/us-treasury-adds-digital-currency-representative-advisory-group/


i guess Matt Miller did a good job too.