I don't trust them.
They speak with forked tongue.
Topic: GREAT NEWS FOR VIRTUAL CURRENCIES from Liberty Reserve Press Conference - page 3. (Read 9047 times)
May 29, 2013, 04:28:49 PM
May 29, 2013, 04:26:39 PM
Yeah, but I think to them virtual currency means AmazonCoin and Terrance and Phillips MintChip not Bitcoin. They are looking for money laundering. Don't you suppose they are at least a little concerned with tumblers and that Bitcoin is the payment system of choice for SR. Don't be naïve.
No, they are not talking about AmazonCoin and the like following regulations. They are talking about the read deal and this is a great sign. He even mentioned the FinCen guidance.
Now, this doesn't mean pressure won't come later from the banks or the government (from behind the scenes) but as a short to mid term statement, it is HUGE.
Basically, "We won't F' with you if you follow regulations".
This is a huge confidence builder for holders and potential holders. The VC money is moving in and they are all about doing things on the up and up.
May 29, 2013, 04:20:46 PM
I think this is definitely a good sign.
May 29, 2013, 04:15:13 PM
Yeah, but I think to them virtual currency means AmazonCoin and Terrance and Phillips MintChip not Bitcoin. They are looking for money laundering. Don't you suppose they are at least a little concerned with tumblers and that Bitcoin is the payment system of choice for SR. Don't be naïve.
May 29, 2013, 03:55:01 PM
http://www.davidnews.com/2013/05/liberty-reserve-laundered-6-billion.html
Listen from around the 27:30 minute on.
Some VERY notable extracts:
This is pretty damn good news guys...
Big Wow
Listen from around the 27:30 minute on.
Some VERY notable extracts:
Quote
I want to make clear that today's actions does not mean that we are against virtual currencies
Quote
To the contrary, mobile and internet based financial technologies, including virtual currencies, have great promise to empower consumers, to encourage the development of innovative financial products and expand access to financial services. In fact FinCen issued guidance in March 2013 to bring clarity and regulatory certainty to businesses and individuals....
Quote
Those offering virtual currencies must comply with these regulatory requirements and if they do so they have nothing to fear...
This is pretty damn good news guys...
Big Wow
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