there will be more of this kind of 'regulation' coming .. which is a thinly-veiled attempt to allow coinbase and circle to create a monopoly. Only the big companies can afford to 'play by the rules'
Anybody else done with Coinbase completely? I can't believe they are pre-emptively collecting personal information on users ahead of legislation time, just to show Wall Street they are corporate suits first and foremost.
What needs to be regulated is THEFT and other already-illegal activities. If somebody gets scammed out of $$ trying to buy BTC with a credit card, we already have laws in place to prosecute the scammer. Its just that there's no resources to do this right now. We don't need legislation governing bitcoin to deal with this obvious a problem, we need better enforcement of our pre-existing laws.
