US going after bitcoins with money-laundering rules
- Thread starter phpbuilt
- Start date
sashablack
Elite Member
- Jan 8, 2010
- 3,686
- 2,095
US does this because they don't get a cut, it was the same thing with poker 
which I highly miss
which I highly miss
Roparadise
BANNED
- May 25, 2011
- 784
- 1,422
They can only regulate u.s. based firms, base it in Russia and they can't do anything.
steelballs
BANNED
- Dec 5, 2008
- 1,831
- 4,585
Bitcoin is all set to move in on Cyprus if and when the banking system collapses...
The value of one Bitcoin has surged from $49 to more than $60 a unit recently and over $700 million are trading miniscule figures but they are here and they will grow...
The value of one Bitcoin has surged from $49 to more than $60 a unit recently and over $700 million are trading miniscule figures but they are here and they will grow...
ReALeST
Power Member
- May 16, 2012
- 585
- 399
The free world called the interent
ReALeST
Power Member
- May 16, 2012
- 585
- 399
Nothing funny about that lol
- Aug 9, 2010
- 1,641
- 462
+1. if you think about it the internet is the last bastion of freedom we have because no one country can regulate that. I hate it when I hear about the US government sticking there big nose in it trying to regulate it because anything they touch turns to shit. I'm American in case that was on your mind.
B
Banned member 185991
Guest
It's a P2P currency, it has no homeland and therefore how can any government try and claim it and tax it or even rule that its illegal?
It's no different to buying gold, the value it has is only given by the people.
It's no different to buying gold, the value it has is only given by the people.
B
Banned member 185991
Guest
One thing that fucks me off with this is the minuet anything like this comes along america only have to say 'its being used to fund illegal activity' and they will get the backing of their moron citizens.
It's fucking bullshit. Real money, guns, women, drugs, alcohol, cars, land are all used to fund illegal shit.
They really do fuck me off.
It's fucking bullshit. Real money, guns, women, drugs, alcohol, cars, land are all used to fund illegal shit.
They really do fuck me off.
- Aug 9, 2010
- 1,641
- 462
yep. that "funding illegal activity" shit is their trump card they always play that gets soccer mom's panties in a twist and has them running to the voters box.
imperial444
Elite Member
- Jan 13, 2011
- 1,799
- 436
They will squeeze it, no doubt lol
zebrahat
Elite Member
- Aug 6, 2008
- 2,514
- 3,037
The only lever the government or banks can squeeze to contain Bitcoin are the third party exchangers (Mt. Gox et al) who are conducting a 'money transmitting' or similar transfer services. But BTC is basically a peer to peer network that does not need a third party to transfer currency, and the regs only apply to third parties. Absent the development of software that can magically detect and intercept any peer transfer of Bitcoin on the planet, there is no way to shut down or regulate totally decentralized transfers between direct parties.
Ptrick125
Regular Member
- Mar 4, 2013
- 430
- 113
The 21st century "final frontier"... TPB is where "pioneers" go...
I guess if BitCoin is guilty for aiding illegal activities, so is every other currency...