Quote from: stan.distortion on July 17, 2014, 09:30:44 PM

Quote from: froggyfeels on July 17, 2014, 09:17:14 PM

...

It has little or nothing to do with regulating Bitcoin, its about regulating businesses within a certain jurisdiction that deal with both fiat currency and bitcoin, where's the problem in that? Fiat's involved so their government has a right to make rules, that's practically the definition of fiat.

EDIT:

Quote from: billyscuz on July 17, 2014, 09:29:31 PM

is this what regulation will look like in all states/federally? looks kind of burdensome for businesses....

Looks like folks aren't doing much reading, this keeps getting mentioned and there's an article specifically exempting anyone that sends or receives bitcoin in exchange for goods or services from regulation, ie. businesses. (200.3 c 2).

You are wrong and it is very clear. Here is one example.
They create a virtual currency, even if it is decentralized. This includes creating altcoins. (200.2n5)
So creating an alt coin like Satoshi did would land you in jail if NYC found out.