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Topic: US Regulations to "Rule them all?" - Look at this (Read 2772 times)

legendary
Activity: 1358
Merit: 1002
Breaking news: US laws are only for US  Shocked

They are for the US empire and the way things are going, Obama considers any living person on earth his peon and any square foot on the planet to be part of his empire. Romans 2.0.

And as the original Romans they will fall... Guess why...
legendary
Activity: 1372
Merit: 1014
Breaking news: US laws are only for US  Shocked

They are for the US empire and the way things are going, Obama considers any living person on earth his peon and any square foot on the planet to be part of his empire. Romans 2.0.
member
Activity: 112
Merit: 10
member
Activity: 112
Merit: 10
True, but a treaty means that the other nations too accepted the US laws.

Have you read about FATCA, Gabi? The choice is either disconnect yourself entirely from the banking system, or accept it. And accepting FATCA == throwing away financial privacy.
Even Switzerland and Liechtenstein have bowed. Also countries like The Bahamas - which has no personal taxes of any kind, so it doesn't have any infrastructure in place to monitor people's financial life - are adapting.

So yeah... the topic title isn't very inaccurate. US regulations to rule them all indeed.

Welcome to the New World Order, join or get crushed.
member
Activity: 112
Merit: 10
Breaking news: US laws are only for US  Shocked

^^ lmao, this is what idiots on the News spamming OMG bitcoin is being attacked!! They shut down liberty reserve. Liberty Reserve was an exchange like MT. Gox is. It's not a fucking currency, Bitcoin is a currency. They did not shut down Liberty Reserve the currency but liberty reserve the exchange. The big problem is yes US laws are only for the US, but if you do business in the US and you break those laws you can be indicted just like they did with Liberty Reserve a company outside of the US.

They can probably indict Mt. Gox for money laundering since they have US customers.
legendary
Activity: 1148
Merit: 1008
If you want to walk on water, get out of the boat
I'm more interested about china and russia.
legendary
Activity: 1106
Merit: 1004
True, but a treaty means that the other nations too accepted the US laws.

Have you read about FATCA, Gabi? The choice is either disconnect yourself entirely from the banking system, or accept it. And accepting FATCA == throwing away financial privacy.
Even Switzerland and Liechtenstein have bowed. Also countries like The Bahamas - which has no personal taxes of any kind, so it doesn't have any infrastructure in place to monitor people's financial life - are adapting.

So yeah... the topic title isn't very inaccurate. US regulations to rule them all indeed.
legendary
Activity: 1148
Merit: 1008
If you want to walk on water, get out of the boat
Breaking news: US laws are only for US  Shocked

Breaking news - your wrong. US AML Laws can be enforced via treaty in other nations, especially if you are holding USD, exchanging USD, or dealing with American in any other currency.



True, but a treaty means that the other nations too accepted the US laws.
sr. member
Activity: 574
Merit: 250
http://www.coindesk.com/canada-confused-on-bitcoin-eh/

Do you think US regulations controls the banks of Canada/UK?

They seem to be doing a much better job of controlling swiss banks then I would have ever guessed they would have.
donator
Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.
China has even more restrictive policies than USA. Everyone *wants* to do business with China, but fear the policies. When fear of US banking system > Chinese banking system, then China gets more banking business.
legendary
Activity: 4466
Merit: 3391
The problem is that if any bank wants to do business in the U.S., they have to conform to U.S. regulations, and every bank wants to do business in the U.S.
legendary
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
This guy seems to think laws don't matter as much as pressure does: http://www.forbes.com/sites/timworstall/2013/05/29/bitcoins-in-danger-from-the-bureaucracy

What is the legal stand point on pressure? Laws don't need to be broken for politics to kill something.
legendary
Activity: 1582
Merit: 1002
Breaking news - your wrong. US AML Laws can be enforced via treaty in other nations, especially if you are holding USD, exchanging USD, or dealing with American in any other currency.
Fortunately not in all countries... Russia is good example.
hero member
Activity: 882
Merit: 501
Ching-Chang;Ding-Dong
Breaking news: US laws are only for US  Shocked

Breaking news - your wrong. US AML Laws can be enforced via treaty in other nations, especially if you are holding USD, exchanging USD, or dealing with American in any other currency.


full member
Activity: 238
Merit: 100
Now they are thinking what to do with me
http://www.coindesk.com/canada-confused-on-bitcoin-eh/

Do you think US regulations controls the banks of Canada/UK?

Wrong way round,

UK (square mile of London) owns/runs the Fed and Canada.
hero member
Activity: 926
Merit: 1001
weaving spiders come not here
Breaking news: US laws are only for US  Shocked

have you ever heard of the word 'treaty'?
sr. member
Activity: 358
Merit: 250
Breaking news: US laws are only for US  Shocked

It would be nice if it were so, but the reality is more complicated (post from the Press section):

Quote
Canada might well be a great place to do business, but anyone considering operating an exchange there should make no mistake:

When the DHS or NSA says "jump!", INSET (Canada's equivalent of the US DHS) says "how high?". Unfortunate but true in post 9/11 Canada.

Reportedly, they have a habit of pulling up unannounced in unmarked Crown Vics, in dark suits with conspicuous shoulder holsters, to do the bidding of various US agencies. Not generally too concerned with the formalities of obtaining warrants in advance, they've been reported on more than one occasion to just say "we have an ERT on standby" or "we have direct orders from Ottawa" when asked. Compliance with their requests usually follows.
sr. member
Activity: 277
Merit: 250
Sounds like bullshit, why would government agencies ever take the time to warn businesses they are Not under their control?
legendary
Activity: 1106
Merit: 1004
Breaking news: US laws are only for US  Shocked

Heard about FATCA already?

Even Switzerland and Lichtenstein have already knelled to the emperor. http://www.bloomberg.com/news/2013-05-02/billionaire-tax-haven-liechtenstein-loses-on-bank-reforms.html
legendary
Activity: 1148
Merit: 1008
If you want to walk on water, get out of the boat
Well good luck doing that with china or russia
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