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BitCoin advocates meet U.S. regulators
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The following comments relate to this news article:

BitCoin advocates meet U.S. regulators

article published on 28 August, 2013

BitCoin Foundation members have met with the Financial Crimes Enforcement Network (FinCEN) to advocate for the digital currency. FinCEN director, Jennifer Shasky-Calvery, confirmed that the regulator hosted a presentation by the BitCoin foundation. "This is part of our ongoing dialogue aimed at enhancing communication with our regulated financial industries," she said in a statement. ... [ read the full article ]

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xnonsuchx
Senior Member
_ 		28. August 2013 @ 07:51 _ Link to this message    Send private message to this user   
"Mt. Gox, a Tokyo-based group that exchanges U.S. dollars with BitCoins, had two of its accounts held by its U.S. subsidiary seized by agents of the DHS earlier this year because it was operating a money transmitting business with a license."

Is that supposed to be "without a license?"
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audvare
Newbie
_ 		31. August 2013 @ 13:24 _ Link to this message    Send private message to this user   
What a crazy world where you need a license to do just about anything. 'Money transmitting business' license? Just another cost, another regulation to stop small competing businesses from being created; probably set up by the big banks (as most regulations are from the oligarchies/monopolies of the time of their creation).

Many people use Bitcoin as an alternative in particular because of lack of true regulation, and that in a sense, it is what some would call 'sound economics' (unlike fiat). The people involved are supposed to make rational decisions regarding their money. This is very much unlike banks which let people do stupid stuff (often with money that is not theirs).
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