These regulations seem like a win for Bitcoin as a currency. Most of the clauses themselves don't seem so onerous for any company that intends on legally dealing in Bitcoin, the government gets its framework for dealing with fraud and money laundering, and the licensing itself should act as a signal to worried parties that dealing in Bitcoin with licensed operators is legal, and that the operator itself has taken sufficient measures to guarantee the safety of all funds being managed.
[+] [-] tyree732|11 years ago|reply