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re: So what happens to Bitcoin now?
Posted on 10/3/13 at 6:36 pm to BennyAndTheInkJets
Posted on 10/3/13 at 6:36 pm to BennyAndTheInkJets
quote:
There is a clause in there that should make you worry about any chance of broad based acceptance. The CFTC is debating whether or not to put bitcoin under their supervisory remit, which in essence will place all exchanges under the scrutiny and regulation of the CFTC. Won't affect P to P usage obviously, but it will essentially deflate any chance of this getting wide acceptance in the form that you wish for it. This is what I was referring to when I previously made the point that regulators will not ever let something like this just freely go, and you said "if it happens then frick them for it". Hasn't happened yet but being debated.
Bitcoin remitters are already being held accountable for AML purposes. The Treasury announced earlier this year that they view Bitcoin remitters the same as any other remitter in terms of AML compliance.
2
Posted on 10/3/13 at 7:03 pm to MStant1
Where the heck have you been? 
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