Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Targeted By Latest FinCEN Ruling? – Implications Are Profound
by
Yankee (BitInstant)
on 17/02/2012, 06:27:18 UTC
I'm merely trying to point out, that although we may think were above the law- were not. If I'm a libertarian, revolutionary, ect.. I still must work in the confides of the law and be compliant.

That's the wrong word to use. How about this: unethical and overly intrusive.

Quote
It basically narrows down to this.

MtGox or No MtGox...actually, let me rephrase

Bitcoin or No Bitcoin

If we want MtGox (Which I do) and other exchanges to operate legally, we must operate legally ourselves

I think the laws in question are wrong, but how to change this I do not know.

Your right, I 100% agree.

For example, there's an active bill now to repeal the Money Transmitter License law in New Hampshire that us and some Bitcoin business's are involved in