Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DASH] Dash | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX
by
celestio
on 13/05/2015, 01:45:19 UTC
Well, as I logged in on my computer, I wasn't signed in to BTC so I saw Mrpumperitis's comment (not realizing I normally have him on ignore)  And I read that he is worried that there will be no organization to pay fines if DASH were fined like Ripple, et al were.  

I just wanted to say, all currencies and exchanges that have been fined were dealing in fiat.  They were selling IPOs or outright selling and exchanging fiat for coins.  This requires a license and adherence to certain "know your customer" laws.

If you don't touch fiat, it doesn't apply.  At least not yet in the USA, and although I'm sure they're working on how to regulate crypto currencies, I don't think it will be easy.  It has to be enforceable and apply only to their jurisdiction.

At this point in time, DASH has nothing that needs to be regulated.

It does still apply even if you don't touch fiat as cryptocurrencies are regarded as Commodities now. The owner of satoshidice, Erik Voorhees, was fined by the SEC after having an Bitcoin-only IPO.