Post
Topic
Board Bitcoin Discussion
Re: Western Union would include bitcoins if they were "regulated"
by
henryjames1003
on 29/06/2014, 16:50:24 UTC
http://www.coindesk.com/western-union-open-bitcoin-regulated-currency/

Quote
“That’s the issue with bitcoin. We are a very regulated industry. If bitcoin is regulated and the customer wants that, I mean, why not? [...]

I am not sure bitcoin is a currency. Bitcoin is a system. It is not used as a currency, it is defined as an asset. When the reserve bank issues bitcoin and when it is regulated we would be more than happy.”

So basically...Western Union is whining because they have to follow regulations and want their competition, Bitcoin, regulated too.


Guess what Western Union? You are old news.

A Bitcoin ATM next to every Western Union in the world would make them obsolete.

could someone explain? what it's mean - "regulated" for Bitcoins? is it real?  I always thought's Bitcons is semi-regulating system