Post
Topic
Board Bitcoin Discussion
Re: Bitcoin in France: first legal decision directly related to Bitcoin?
by
hugolp
on 17/11/2011, 10:53:53 UTC
Well, I know a Central Bank that made a decision on classifying Bitcoin two months ago.
Maybe I'm just too naive, but since when is it for a bank to make such a decision? Last time I checked banks were not the ones to make new laws (at least not officially Wink)

I was under the impression that Bitcoin is not covered by existing legislation (at least not those by the EU specifically crafted for digital currencies). Therefore I had expected that new laws would have to be worked out and that at least some democratic process is involved with that.

I'd be glad if somebody could shed some more light into this issue...

Thats a little secret of democracy, it should be called burocracy in reality.