Post
Topic
Board Bitcoin Discussion
Re: FinCEN addresses Bitcoin
by
ufmace
on 19/03/2013, 00:42:37 UTC
tl;dr...  bitcoins are legal

Yeah, I've been jumping with joy for the past 10 minutes Smiley
I also see this as a positive development, especially in the long run.

When was bitcoins ever illegal? LMAO I was jumping for joy over 2 years ago when I got into bitcoins, cause they were never illegal.

They've been a legal gray area since they were created. We've always known that the Government would get into regulating them someday, but nobody knew what form that regulation would take. They could be all but ignored or they could do their level best to squash it like a bug. I believe this is a good sign in that it seems to be pretty light regulation and provides some security - the more official recognition Bitcoin gets, the less likely the Government is to try to crush it.