Quote from: klee on March 15, 2013, 02:09:29 PM

Quote from: zebedee on March 15, 2013, 01:56:34 PM

Quote from: klee on March 14, 2013, 09:33:07 PM

If a bank wants to buy/sell/short (or whatever) bitcoins, how is it gonna justify these transactions to the regulators?

Beyond miners, bitcoin doesn't have regulators.

What do they need to justify and why?

Cool isn't it?

Damn English! Tongue

I mean banks trying to hide 'money laundering' actions from the government and the like (tax offices). I know this is ridiculous to say though (banks being actually the government)!

For the record, your English is flawless. And yeah I was just thinking today about the anti-money laundering regulations that some exchanges have, just like banks. Similarly, I wonder if people making a profit from investing in bitcoin are liable for capital gains tax, and if so, how many people would actually report it.

Kind of off-topic to the issue of banks, but it's another legal concern for the bitcoin economy.