Silk Road forums

Discussion => Security => Topic started by: davidthegnome on March 22, 2013, 02:00 am

Title: BITCOIN Regulation - US is applying money-laundering rules to virtual currencies
Post by: davidthegnome on March 22, 2013, 02:00 am
I posted this on the main discussion board as well. But since it applies to Bitcoins and the security of vendors moving large amounts of BTC I decided to post it here as well.

CLEARNET Links! Please be advised.

Wall Street Journal Article

Web Money Gets Laundering Rule

http://online.wsj.com/article/SB10001424127887324373204578374611351125202.html


Zerohedge Article

US Begins Regulating BitCoin, Will Apply "Money Laundering" Rules To Virtual Transactions

http://www.zerohedge.com/news/2013-03-21/us-begins-regulating-bitcoin-will-consider-virtual-transactions-money-laundering



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This action against bitcoins is important on several levels.
First it shows that the eye of the US Monetary System is on BTC as well as this is probably a first step with many to follow.
For now this only effects the States I believe.

We shall see how this all plays out...
Title: Re: BITCOIN Regulation - US is applying money-laundering rules to virtual currencies
Post by: MushMouth on March 22, 2013, 02:04 am
Motherfuckers.

Subscribed, thanks for sharing!
Title: Re: BITCOIN Regulation - US is applying money-laundering rules to virtual currencies
Post by: ANewLife on March 22, 2013, 02:13 am
I have it on good authority 8) that ASIC (Australia) is trying to rush through a change in regulation to include all digital currencies to fall under AML/CTF reporting regulations.
 
They are aiming to have the amendment approved by 1st July 2013.
Title: Re: BITCOIN Regulation - US is applying money-laundering rules to virtual currencies
Post by: davidthegnome on March 22, 2013, 02:29 am
coordinated push? No such thing as a coincidence imo.

I have it on good authority 8) that ASIC (Australia) is trying to rush through a change in regulation to include all digital currencies to fall under AML/CTF reporting regulations.
 
They are aiming to have the amendment approved by 1st July 2013.