What do these regulations mean for online tipping services? It would be impossible for them to know the physical addresses of parties involved in a transaction, among other things. Also, what does this mean for Distributed Autonomous Companies?
It seems to me that these regulations completely stifle the possibility of legal innovation in the financial sector with digital currencies. Please tell me I have misunderstood because my interest in Bitcoin is its potential to facilitate new types of transactions and entities like those I listed above that are impossible with fiat currencies.