20013-12-18 Infowars.com - US Treasury’s Financial Crimes Enforcement Network

Bitcopia

hero member

Activity: 715

Merit: 500

This is incredibly outdated news. He's referencing guidance issued in March. This should have been published almost 9 months ago. Nothing's changed. FinCEN is still holding digital currency businesses to money transmission laws because it is the closest existing framework they have to try to cram it into, whether it fits or not. Of course they aren't going to let these businesses operate without any regulation. This is a very poor article. It's misdirected and uninformative.

If the author had watched the US Senate hearing on digital currency, they would have heard from Jennifer Calvery, Director of FinCEN, and noticed her remarks to be surprisingly openminded and friendly. She spoke on numerous occasions about how digital currency is an important innovation and FinCEN has no intention on stifling the ability of American companies to lead that innovation. In fact, if I remember correctly, she said future regulation would be no more limiting than current regulation.

dopey

hero member

Activity: 1008

Merit: 514

Alex has been right about alot of things, and wrong about alot of things, I hope he is wrong about this.
I do admit though he goes way over the top sometimes and can tend to "over-exaggerate" certain things.

ButchHashidy

member

Activity: 76

Merit: 10

...and the BitcoinKid

I'm sorry but Alex Jones is like the walking personification of a mouth breathing, slack jawed fud-machine. Him and his network have been harping about end times for half a decade or longer. I always take news from that site with a pinch of salt.

SoNic67

newbie

Activity: 12

Merit: 0

US Treasury’s Financial Crimes Enforcement Network “Reaching Out” To Bitcoin Businesses

http://www.infowars.com/us-treasurys-financial-crimes-enforcement-network-reaching-out-to-bitcoin-businesses/

Topic: 20013-12-18 Infowars.com - US Treasury’s Financial Crimes Enforcement Network (Read 1189 times)