"The office of the US Treasury in charge of currency policy has revealed plans to grant special-purpose bank charters to companies working in the fintech space.
Van Cleef said: "It will provide a solution to 50 state money transmitter licensing and it may create different impressions in the mind of potential cryptocurrency users if theyre dealing with a bank instead of a cryptocurrency exchange."
the move could "help drive greater mainstream adoption of cryptocurrency", by giving approved exchange services a greater degree of credibility, according to lawyer Carol Van Cleef, newly hired by Baker Hostetler."
I think this news may be comparable to ETF news and may likely show that regulatory officials are finally comfortable with bitcoin. It will have major positive effects on mainstream adoption. Until now there have been far too many barriers for smaller/medium sized companies in the USA. This positive regulatory change will finally open the door.
I expect that the officials making regulatory decisions regarding the bitcoin ETF's will take note of this truly positive perspective by the office of the US Treasury.
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New OCC Charter Could Give Bitcoin Exchanges Special Bank Status
by
lerredit
on 06/12/2016, 03:54:13 UTC
I think this news may be comparable to ETF news and may likely show that regulatory officials are finally comfortable with bitcoin. It will have major positive effects on mainstream adoption. Until now there have been far too many barriers for smaller/medium sized companies in the USA. This positive regulatory change will finally open the door.
I expect that the officials making regulatory decisions regarding the bitcoin ETF's will take note of this truly positive perspective by the office of the US Treasury.
"The office of the US Treasury in charge of currency policy has revealed plans to grant special-purpose bank charters to companies working in the fintech space.
Van Cleef said: "It will provide a solution to 50 state money transmitter licensing and it may create different impressions in the mind of potential cryptocurrency users if theyre dealing with a bank instead of a cryptocurrency exchange."
the move could "help drive greater mainstream adoption of cryptocurrency", by giving approved exchange services a greater degree of credibility, according to lawyer Carol Van Cleef, newly hired by Baker Hostetler."
I don't know if I would call this a "ban" if the average person is allowed to own 500 grams. At the current price of gold, that is over half a million dollars in gold per person. This isn't going to effect the average person, only the VERY wealthy. While some of these very wealthy might buy some amount of Bitcoin, I doubt it would be their first choice for investment. Probably they will have some offshore accounts, invest in foreign currency and bonds, etc. Something like this isn't going to create half a billion new Bitcoin users, not even half a million.
No, 500 grams is only $20,000
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2MB 硬 叉子! 大新闻！比特币核心正在编码将网络升级到2MB！共识！
by
lerredit
on 04/12/2016, 08:16:08 UTC
Core is working on a 2mb hardfork proposal (2MB 硬 叉子), testing is in progress! Amazing news!
"4) Some of us also agreed to work on another hardfork proposal including a 2 MB "no wallet changes necessary" block size bump, which we've been making progress on over the past year, including even after conclusion of the original agreement (there is currently a testnet for an incomplete version running)."
Core is working on a 2mb hardfork proposal, testing is in progress! Amazing news!
" 4) Some of us also agreed to work on another hardfork proposal including a 2 MB "no wallet changes necessary" block size bump, which we've been making progress on over the past year, including even after conclusion of the original agreement (there is currently a testnet for an incomplete version running)."
Core is working on a 2mb hardfork proposal, testing is in progress! Amazing news!
" 4) Some of us also agreed to work on another hardfork proposal including a 2 MB "no wallet changes necessary" block size bump, which we've been making progress on over the past year, including even after conclusion of the original agreement (there is currently a testnet for an incomplete version running)."
Perhaps I'm mistaken but this does not look as anything officially in the works via bitcoin core at this time. Just yet another 'proposal' not to be acted on imho. Hope I'm incorrect.
What he means by proposal probably is that he is just a coder. The miners decide what actually gets implemented.
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Core is working on a 2mb hardfork proposal, testing is in progress! Amazing news
by
lerredit
on 04/12/2016, 06:59:21 UTC
Core is working on a 2mb hardfork proposal, testing is in progress! Amazing news!
" 4) Some of us also agreed to work on another hardfork proposal including a 2 MB "no wallet changes necessary" block size bump, which we've been making progress on over the past year, including even after conclusion of the original agreement (there is currently a testnet for an incomplete version running)."
Your spamming of this across the board does not make it true. For it is false. See the bullshit thread you created for why.
I almost thought that this was true.. so I will take the information with a grain of salt, if it is not confirmed down the road.
This sounds like Civil forfeiture in the USA, but on a much larger scale (legal theft of property for no reason).
Call it what you like, but if you have gold, you now have to prove that it is clean or you lose it. They are going to rob their citizens blind...
I agree that if what you are saying is true, then that would be a very big deal, and probably have a considerable impact on bitcoin. I remain a bit unclear, at the moment, regarding whether you are communicating accurately about the situation.
Subject title is bullshit. India did not outlaw gold. As always was the case, gold can be purchased with after-tax money.
The new thing is that the gov is now demanding that all gold be shown to be purchased with after-tax money. And, apparently, resorting to draconian measures to determine if each person's gold above some threshold has been purchased accordingly.
But it has not made gold illegal.
This sounds like Civil forfeiture in the USA, but on a much larger scale.
Call it what you like, but if you have gold, you now have to prove that it is clean or you lose it. They are going to rob their citizens blind...