Post
Topic
Board Legal
Re: Australian is getting ready to regulate bitcoin
by
LostDutchman
on 22/07/2014, 20:34:58 UTC
It seems that there is a forthcoming regulation on bitcoin in Australia to be released later this year or in 2015. The Financial inquiry commission headed by an ex-banker is due to give its recommendation to the government in November: http://www.smh.com.au/it-pro/business-it/tax-office-responds-to-rise-of-bitcoin-20140721-zuegm.html

Down Under has forgotten its roots.
Don't you think that some level if regulation would somewhat protect consumers?

Regulation only protects the stupid and srcews the average person.. HARD.  
May I point you to the "clean water act" where compaines can now pump w/e they feel like into the ground and not tell a soul.  Regulation is moronic.
There are a lot of regulations that do not do a good job, and some regulations are excessive, but the goals of regulations are to protect consumers.

Horseshit.

The goals of regulation are to generate taxes, control the individual and expand the power of government.