Post
Topic
Board Bitcoin Discussion
Re: How To Stop Bitcoin Banking; Give It A BitLicense In New York #bitcoinbanks
by
gonnafly
on 21/07/2014, 09:02:36 UTC
Isn't FRB with bitcoin already possible and allowed for banks today? That will not change with this ruling. If it is prohibited in NY, it is allowed somewhere in the world, anyway. As I understand it, the ruling is for exchanges that do not want to register as a full bank license.

No, because you cannot print more Bitcoins. You can only print vouchers for Bitcoins, which will clearly be worth less than a Bitcoin.