Topic: 2013-03-22 Voice of Russia "Bitcoin to become borderline illegal in the US" (Read 963 times)
March 22, 2013, 09:45:58 AM
The US is already spying on every bank account in the country. This does not make Bitcoin any more illegal than the dollar.
March 22, 2013, 09:42:02 AM
http://english.ruvr.ru/2013_03_22/Bitcoin-to-become-borderline-illegal-in-the-US/
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The US government has discovered a new instrument that could be used by terrorists to fund their illicit activities. Unsurprisingly, the American government is actually using the old terrorist scare in order to suppress the use of the first truly independent digital currency.
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Both merchants and ordinary users are likely become targets for money laundering investigations, even if the American authorities insist that the new regulations will only be applied to business owners. Previous experience of “regulatory creep” demonstrates that the US government cannot be trusted to restrict its actions within the original scope of the new regulations.
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