Is Lawsky trying to get all the bitcoins to go to ETFs?

chufchuf

full member

Activity: 205

Merit: 100

Quote from: rackcityb1 on July 19, 2014, 04:19:59 PM

Quote from: chufchuf on July 19, 2014, 03:13:19 PM

Bitcoins as a store of value now need bitlicenses is this how lawmaking and lobbying works in the US? Really???

http://www.reddit.com/r/Bitcoin/comments/2b5kex/immigrants_sending_money_home_investors_using/

You only need a bitlicense if you are in the business of exchanging bitcoin for cash or for cash for bitcoin, if you are a business that accepts bitcoin this does not apply to you

what about in the ''business'' of storing value for yourself, why isn't there an exemption like there is for gold?

rackcityb1

newbie

Activity: 45

Merit: 0

Quote from: chufchuf on July 19, 2014, 03:13:19 PM

Bitcoins as a store of value now need bitlicenses is this how lawmaking and lobbying works in the US? Really???

http://www.reddit.com/r/Bitcoin/comments/2b5kex/immigrants_sending_money_home_investors_using/

You only need a bitlicense if you are in the business of exchanging bitcoin for cash or for cash for bitcoin, if you are a business that accepts bitcoin this does not apply to you

insulting_robot

newbie

Activity: 57

Merit: 0

> ...

> this is the insulting robot

> lawsky is a banking robot

> one of the older models with the broken cpu

Meuh6879

legendary

Activity: 1512

Merit: 1012

they do this because they are desperate ... and lobbyist do a good work, too. Roll Eyes

not a problem ... bitcoin is made to buy and sell "by the hand".
if professionnal exchange fail ... local exchange (like the saturday market) do the job.

like drug dealer job.

chufchuf

full member

Activity: 205

Merit: 100

No one has anything to say?

Wow, I really didn't know lawmakers could do things as drastic as this, not even an exemption like you have for holding gold where I believe you're not all forced to have it in an ETF or have it given to you by a customer in exchange for a service or good.

chufchuf

full member

Activity: 205

Merit: 100

Bitcoins as a store of value now need bitlicenses is this how lawmaking and lobbying works in the US? Really???

http://www.reddit.com/r/Bitcoin/comments/2b5kex/immigrants_sending_money_home_investors_using/

Topic: Is Lawsky trying to get all the bitcoins to go to ETFs? (Read 1411 times)