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BTCmoons
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July 22, 2014, 12:11:58 AM |
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This should help give bitcoin some level of legitimacy and hopefully will help people want to start using bitcoin
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cryptofan5
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July 22, 2014, 12:12:19 AM |
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Wasn't there already some kind of regulation for e-currencies there?
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LostDutchman
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July 22, 2014, 02:12:48 AM |
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Down Under has forgotten its roots. |
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wolfYella
Newbie
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Activity: 48
Merit: 0
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July 22, 2014, 07:51:04 PM |
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Down Under has forgotten its roots. Don't you think that some level if regulation would somewhat protect consumers? |
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jbrnt
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July 22, 2014, 07:57:43 PM
Last edit: July 22, 2014, 08:20:17 PM by jbrnt |
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They are not regulating bitcoin yet, they are contemplating its position in tax. The first thing governments think about is how to grab a share  |
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LostDutchman
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July 22, 2014, 08:00:02 PM |
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Down Under has forgotten its roots. Don't you think that some level if regulation would somewhat protect consumers? No. |
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spazzdla
Legendary
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Activity: 1722
Merit: 1000
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July 22, 2014, 08:02:25 PM |
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Down Under has forgotten its roots. Don't you think that some level if regulation would somewhat protect consumers? Regulation only protects the stupid and srcews the average person.. HARD. May I point you to the "clean water act" where compaines can now pump w/e they feel like into the ground and not tell a soul. Regulation is moronic. |
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LostDutchman
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July 22, 2014, 08:18:15 PM |
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Down Under has forgotten its roots. Don't you think that some level if regulation would somewhat protect consumers? Regulation only protects the stupid and srcews the average person.. HARD. May I point you to the "clean water act" where compaines can now pump w/e they feel like into the ground and not tell a soul. Regulation is moronic. +1  |
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rackcityb1
Newbie
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Activity: 45
Merit: 0
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July 22, 2014, 08:26:46 PM |
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Down Under has forgotten its roots. Don't you think that some level if regulation would somewhat protect consumers? Regulation only protects the stupid and srcews the average person.. HARD. May I point you to the "clean water act" where compaines can now pump w/e they feel like into the ground and not tell a soul. Regulation is moronic. There are a lot of regulations that do not do a good job, and some regulations are excessive, but the goals of regulations are to protect consumers. |
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LostDutchman
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July 22, 2014, 08:34:58 PM |
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Down Under has forgotten its roots. Don't you think that some level if regulation would somewhat protect consumers? Regulation only protects the stupid and srcews the average person.. HARD. May I point you to the "clean water act" where compaines can now pump w/e they feel like into the ground and not tell a soul. Regulation is moronic. There are a lot of regulations that do not do a good job, and some regulations are excessive, but the goals of regulations are to protect consumers. Horseshit. The goals of regulation are to generate taxes, control the individual and expand the power of government. |
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rackcityb1
Newbie
Offline
Activity: 45
Merit: 0
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July 22, 2014, 09:02:01 PM |
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Down Under has forgotten its roots. Don't you think that some level if regulation would somewhat protect consumers? Regulation only protects the stupid and srcews the average person.. HARD. May I point you to the "clean water act" where compaines can now pump w/e they feel like into the ground and not tell a soul. Regulation is moronic. There are a lot of regulations that do not do a good job, and some regulations are excessive, but the goals of regulations are to protect consumers. Horseshit. The goals of regulation are to generate taxes, control the individual and expand the power of government. What part of the NY bitcoin regulation will do any of that? |
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nottm28
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July 22, 2014, 09:03:18 PM |
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I wonder which Australian would do such a thing...
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donations not accepted
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LostDutchman
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July 22, 2014, 09:52:11 PM |
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Down Under has forgotten its roots. Don't you think that some level if regulation would somewhat protect consumers? Regulation only protects the stupid and srcews the average person.. HARD. May I point you to the "clean water act" where compaines can now pump w/e they feel like into the ground and not tell a soul. Regulation is moronic. There are a lot of regulations that do not do a good job, and some regulations are excessive, but the goals of regulations are to protect consumers. Horseshit. The goals of regulation are to generate taxes, control the individual and expand the power of government. What part of the NY bitcoin regulation will do any of that? All of it! |
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SHA255
Member
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Activity: 72
Merit: 10
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July 22, 2014, 09:57:54 PM |
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Down Under has forgotten its roots. Don't you think that some level if regulation would somewhat protect consumers? Regulation only protects the stupid and srcews the average person.. HARD. May I point you to the "clean water act" where compaines can now pump w/e they feel like into the ground and not tell a soul. Regulation is moronic. There are a lot of regulations that do not do a good job, and some regulations are excessive, but the goals of regulations are to protect consumers. Horseshit. The goals of regulation are to generate taxes, control the individual and expand the power of government. What part of the NY bitcoin regulation will do any of that? All of it! The NY regulations are going to force exchanges to follow AML rules and to hold enough bitcoin to cover the amount of bitcoin that customers hold at the exchange. It also subject exchanges to audits to make sure they hold enough bitcoin as per above. Have you even read the proposed regulations? Are you at all familiar with them? |
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LostDutchman
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July 22, 2014, 10:04:41 PM |
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Down Under has forgotten its roots. Don't you think that some level if regulation would somewhat protect consumers? Regulation only protects the stupid and srcews the average person.. HARD. May I point you to the "clean water act" where compaines can now pump w/e they feel like into the ground and not tell a soul. Regulation is moronic. There are a lot of regulations that do not do a good job, and some regulations are excessive, but the goals of regulations are to protect consumers. Horseshit. The goals of regulation are to generate taxes, control the individual and expand the power of government. What part of the NY bitcoin regulation will do any of that? All of it! The NY regulations are going to force exchanges to follow AML rules and to hold enough bitcoin to cover the amount of bitcoin that customers hold at the exchange. It also subject exchanges to audits to make sure they hold enough bitcoin as per above. Have you even read the proposed regulations? Are you at all familiar with them? Yes I am and if this is not expanding the power of government, please tell me exactly what the fuck it is! |
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Inotanewbie
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July 23, 2014, 12:59:42 AM |
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Down Under has forgotten its roots. Don't you think that some level if regulation would somewhat protect consumers? Regulation only protects the stupid and srcews the average person.. HARD. May I point you to the "clean water act" where compaines can now pump w/e they feel like into the ground and not tell a soul. Regulation is moronic. There are a lot of regulations that do not do a good job, and some regulations are excessive, but the goals of regulations are to protect consumers. Horseshit. The goals of regulation are to generate taxes, control the individual and expand the power of government. What part of the NY bitcoin regulation will do any of that? All of it! The NY regulations are going to force exchanges to follow AML rules and to hold enough bitcoin to cover the amount of bitcoin that customers hold at the exchange. It also subject exchanges to audits to make sure they hold enough bitcoin as per above. Have you even read the proposed regulations? Are you at all familiar with them? Yes I am and if this is not expanding the power of government, please tell me exactly what the fuck it is! AML rules are not anything new, they have been in effect for well over a decade now. |
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applesRyummy
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July 23, 2014, 01:00:41 AM |
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Down Under has forgotten its roots. Don't you think that some level if regulation would somewhat protect consumers? Regulation only protects the stupid and srcews the average person.. HARD. May I point you to the "clean water act" where compaines can now pump w/e they feel like into the ground and not tell a soul. Regulation is moronic. There are a lot of regulations that do not do a good job, and some regulations are excessive, but the goals of regulations are to protect consumers. Horseshit. The goals of regulation are to generate taxes, control the individual and expand the power of government. What part of the NY bitcoin regulation will do any of that? All of it! The NY regulations are going to force exchanges to follow AML rules and to hold enough bitcoin to cover the amount of bitcoin that customers hold at the exchange. It also subject exchanges to audits to make sure they hold enough bitcoin as per above. Have you even read the proposed regulations? Are you at all familiar with them? +1 Very good point |
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