Post
Topic
Board Bitcoin Discussion
Re: community backed legal entity to defend bitcoin related projects is a must
by
Gabi
on 16/02/2012, 13:05:26 UTC

I'm not sure how it works in the US. In Israel, where i'm from, banks are regulated and can't refuse business without legal ground. About a month ago the regulator "released the banks from their duty to provide service for gambling sites" - http://www.yogonet.com/english/2012/01/11/israel-banks-can-refuse-to-handle-transactions-for-suspicious-websites
And take my word for it, Israel is not the most liberal country when it comes to human rights...


Just wait till somebody "up there" hears about bitcoin.  The Israeli regulator will whip up a bitcoin clause in the same way
faster than you can say Satoshi Nakamoto.

Maybe they will. Why just sit and watch it happened? And why letting the banks do what ever they want when it didn't yet happen?

It won't happen in the same way as there are rules in Israel against gambling and no rules [yet] against bitcoin.

And, such rules are not that easy to pass. They'll need to define what bitcoin is, to explain how it differs from facebook money and the gaming industry money, why people living in democracies can't buy bits with their money, etc. It will be even harder if we put up some fight.




Bitcoin is used by terrorists and criminals, it must be stopped for national security. Who use it must be a terrorist and must be arrested.