Quote from: Ibitcoinloan on July 25, 2014, 09:31:25 PM

Any above ground trade currency that might be used by terrorists or narco trade will face regulation eventually.

Any point in the btc trade network converting btc into a cash curreny will be monitored and regulated.

Bitcoin itself wont be regulated but the flow into cash will be since govs assume cash equals narco or terrorism.

That's the price to pay to live within a some safe envoronment post 911.

Business can take it in trade. Businesses can sweep into their accounts, but if you expect btc to be sold via wire services or such you mistaken. Try to receive money now via WU, any significant amount you produce ID.

So to secure people counties will regulate.

Try to get on a plane today with no ID.

Try to drive a car no ID.

As long as you keep btc in btc wallets you need not worry.

But if you dont have a site or business taking it, then how do you expect to acquire it?

More Mt Gox scams?

I see no problem with it being regulated at the exit points into cash since all wires are regulated now.

The group saying redefine existing rules is best solution, not the ny state rules

Just rework existing laws about money transmiitters

My opinion

This is a very good point. You need to identify yourself to do most things today, and this has been this way for over a decade. I don't foresee this changing anytime soon.