Is Lawsky trying to get all the bitcoins to go to ETFs?

[chufchuf]

Bitcoins as a store of value now need bitlicenses is this how lawmaking and lobbying works in the US? Really???

http://www.reddit.com/r/Bitcoin/comments/2b5kex/immigrants_sending_money_home_investors_using/

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[chufchuf]

No one has anything to say?

Wow, I really didn't know lawmakers could do things as drastic as this, not even an exemption like you have for holding gold where I believe you're not all forced to have it in an ETF or have it given to you by a customer in exchange for a service or good.

[Meuh6879]

they do this because they are desperate ... and lobbyist do a good work, too. 
not a problem ... bitcoin is made to buy and sell "by the hand".
if professionnal exchange fail ... local exchange (like the saturday market) do the job.

like drug dealer job.

[insulting_robot]

> ...

> this is the insulting robot

> lawsky is a banking robot

> one of the older models with the broken cpu

[rackcityb1]

Bitcoins as a store of value now need bitlicenses is this how lawmaking and lobbying works in the US? Really???

http://www.reddit.com/r/Bitcoin/comments/2b5kex/immigrants_sending_money_home_investors_using/

You only need a bitlicense if you are in the business of exchanging bitcoin for cash or for cash for bitcoin, if you are a business that accepts bitcoin this does not apply to you

[chufchuf]

Bitcoins as a store of value now need bitlicenses is this how lawmaking and lobbying works in the US? Really???

http://www.reddit.com/r/Bitcoin/comments/2b5kex/immigrants_sending_money_home_investors_using/

You only need a bitlicense if you are in the business of exchanging bitcoin for cash or for cash for bitcoin, if you are a business that accepts bitcoin this does not apply to you

what about in the ''business'' of storing value for yourself, why isn't there an exemption like there is for gold?