Quote from: NeuroticFish on March 07, 2018, 07:21:14 PM

Quote from: rodalutor on March 07, 2018, 05:52:07 PM

It's pretty clear what they mean. Bitcoin can and will be regulated as if it were a commodity.

The more interesting part is that in Germany, Bitcoin was recognized as legal tender.
Imho they are all still testing the waters. We can't clearly tell how will Bitcoin be regulated over the world. I hope that it will be a s coin (legal tender) everywhere.

Talk about inconsistency. This is coming from countries with very tight political and economic ties. You'd think that it would be mutually beneficial to have a united front on how Bitcoin is to be dealt with. I imagine having it classified differently in multiple countries offers unforeseen consequences; you'd think there would be some kind of manipulation or loopholes created from this. It would seem silly to me to regulate all coins as commodities when anyone can make a coin for any reason. Monopoly money isn't a commodity, and so we would need something drawing a defining line between Bitcoin or other currencies that are meant to be considered commodities and other coins. They must be testing the waters, but it seems they're doing so without any coordination between commissions or countries. Of course I don't expect any different, but it just seems to ham-fisted.