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Topic: 2013-05-17 Bitcoin is legal, but mainstream adoption will mandate playing by... (Read 1118 times)

legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
also it means, that mtgox and others "just" need the licence, then they can trade.
sr. member
Activity: 358
Merit: 250
Quote
Earlier this week, the US government took its first action against the bitcoin ecosystem, freezing the US accounts of Mt. Gox, which is the largest bitcoin exchange in the world, processing 75 percent of all transactions in the last 30 days. Since that time, the questions on most people’s mind has been, what does this mean for the future of bitcoin and other virtual currencies? Is this an isolated incident based on the actions of one bitcoin exchange, or is it a harbinger of a broader offensive against the ecosystem as a whole?

Considering bitcoin is now trading 10% higher than it was before the DHS/MtGox smackdown, it's safe to assume the genie's out of the bottle and no amount of US regulatory over-reach is going to put it back now.

Bitcoin 1
DHS 0
legendary
Activity: 1498
Merit: 1000
http://pandodaily.com/2013/05/17/bitcoin-is-legal-but-mainstream-adoption-will-mandate-playing-by-the-rules/

Quote
Earlier this week, the US government took its first action against the bitcoin ecosystem, freezing the US accounts of Mt. Gox, which is the largest bitcoin exchange in the world, processing 75 percent of all transactions in the last 30 days. Since that time, the questions on most people’s mind has been, what does this mean for the future of bitcoin and other virtual currencies? Is this an isolated incident based on the actions of one bitcoin exchange, or is it a harbinger of a broader offensive against the ecosystem as a whole?
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