Quote from: Oztwinpeaks on March 13, 2014, 08:33:59 AM

Quote from: LostDutchman on March 12, 2014, 03:17:47 PM

Quote from: Holliday on March 12, 2014, 03:13:34 PM

It sounds more like they are "controlling" centralized fiat exchanges instead of Bitcoin, but don't let that stop a sensationalist title.

Sorry, Charlie, we accept only the finest tuna and your post is not it!

New York regulations would cover all exchanges, no matter where they are located because if the exchanges wanted to do any business at all in New York, including sending or receiveing fiat or crypto, the exchanges would have to conform to New York law.

My $.02.

Wink

To be fair- the United States does not dictate what other countries will do with regulation (although it may influence it in some cases). I'm betting most people here aren't American or US based- so when you say 'all exchanges' that comes across as fairly sensationalist to someone living elsewhere. The thing that I love about Bitcoin is that although the US will influence adoption, it does not necessarily need the US to drive adoption to succeed- and that's the beauty of a decentralised currency- you can regulate locally, but it is impossible to regulate the whole, internationally.

The USA can and does enforce its home laws overseas under what are termed the "long arm" statutes.

Example, the operators of several online casinos were arrested, charged and convicted of violation of US law even though the online casions were located in Europe.

If he US requires that ofshore exchanges conform to Fin-CEN and anti-money laundering states and those exchanges fail to comply, they most assuredly can be blocked from doing business in the USA.

My $.02.

Wink