Quote from: Manticore on February 25, 2014, 09:14:06 PM

Quote from: MAbtc on February 25, 2014, 09:07:58 PM

See what the FSA has to say about it. And then ponder how the law could conceivably be interpreted. I can't be bothered, personally.

http://online.wsj.com/news/articles/SB10001424052702304834704579402751676012112?mg=reno64-wsj&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB10001424052702304834704579402751676012112.html

"Bitcoin isn't a currency; it works as an alternative to currencies, like gold," an FSA spokesman said Monday. "The FSA is in charge of currency-based services. Therefore, bitcoin exchanges are not a subject to our regulatory oversight."

That's what I meant by "other appropriate agency." Bitcoin must fall under the purview of a regulatory agency. I meant actual laws -- not a stated position which can be reversed.