Topic: Wall Observer BTC/USD - Bitcoin price movement tracking &amp; discussion - page 18880. (Read 26656876 times)

Can't they bypass USA regulatory resistance and go to the UK -or elsewhere- to launch the ETF?

If an ETF wants to do business with customers in the USA it has to go through the USA regulatory procedure.

Let's say I launch an ETF in London. You live in the States. Can you create an "investment company" in the UK which then buys from my ETF in London?

Can US law get involved with the internal processes of a company that operates abroad? Shouldn't the regulatory barrier extend only up to the level where you own the shares to your company and get profits or added value which might be taxable in the States?

I think yes, see what happened with LR (Liberty Reserve).

AlexGR

legendary

Activity: 1708

Merit: 1049

Quote from: marcus_of_augustus on May 08, 2016, 05:39:42 AM

Can't they bypass USA regulatory resistance and go to the UK -or elsewhere- to launch the ETF?

If an ETF wants to do business with customers in the USA it has to go through the USA regulatory procedure.

Let's say I launch an ETF in London. You live in the States. Can you create an "investment company" in the UK which then buys from my ETF in London?

Can US law get involved with the internal processes of a company that operates abroad? Shouldn't the regulatory barrier extend only up to the level where you own the shares to your company and get profits or added value which might be taxable in the States?

Fakhoury

legendary

Activity: 1386

Merit: 1027

Permabull Bitcoin Investor

Can't they bypass USA regulatory resistance and go to the UK -or elsewhere- to launch the ETF?

If an ETF wants to do business with customers in the USA it has to go through the USA regulatory procedure. There were offshore internet gambling sites that thought they could do business with customers in the USA without fear of legal action from the USA government. Most of them eventually got taken down by the USA government, and the owners were prosecuted.

The US govvy 'protects' its tax cattle herd very jealously, the more than 4000 citizens per annum trying to leave have to dump their passports http://money.cnn.com/2016/02/08/news/americans-citizenship-renunciation/index.html and have to pay huge amounts of money and now IRS is actively stopping them from leaving by removing passports http://www.naturalnews.com/052138_IRS_US_passports_travel_restrictions.html

So the COIN ETF could take a decade for example ?

marcus_of_augustus

legendary

Activity: 3920

Merit: 2349

Eadem mutata resurgo

Can't they bypass USA regulatory resistance and go to the UK -or elsewhere- to launch the ETF?

If an ETF wants to do business with customers in the USA it has to go through the USA regulatory procedure. There were offshore internet gambling sites that thought they could do business with customers in the USA without fear of legal action from the USA government. Most of them eventually got taken down by the USA government, and the owners were prosecuted.

The US govvy 'protects' its tax cattle herd very jealously, the more than 4000 citizens per annum trying to leave have to dump their passports http://money.cnn.com/2016/02/08/news/americans-citizenship-renunciation/index.html and have to pay huge amounts of money and now IRS is actively stopping them from leaving by removing passports http://www.naturalnews.com/052138_IRS_US_passports_travel_restrictions.html

sniveling

sr. member

Activity: 719

Merit: 250

Quote from: r0ach on May 08, 2016, 02:53:10 AM

Can't they bypass USA regulatory resistance and go to the UK -or elsewhere- to launch the ETF?

If an ETF wants to do business with customers in the USA it has to go through the USA regulatory procedure. There were offshore internet gambling sites that thought they could do business with customers in the USA without fear of legal action from the USA government. Most of them eventually got taken down by the USA government, and the owners were prosecuted.

Fakhoury

legendary

Activity: 1386

Merit: 1027

Permabull Bitcoin Investor

I read someone claim the last controversial ETF took seven years. It might be a couple years from now, or it could even occur in 2017. I could see them fast tracking it if the post-halving charts don't look like a completely ridiculous pump and dump going from like $500 to $10,000 and back to $1000 again. People would think that's kind of suspicious. If it went from $500 to $3200 then back to $1600, they would consider that OK and just price discovery/growing market.

Well said, could you please also answer the first two questions in the last post of mine.

I know I ask a lot Cheesy

but I enjoy learning from you.

AlexGR

legendary

Activity: 1708

Merit: 1049

Can't they bypass USA regulatory resistance and go to the UK -or elsewhere- to launch the ETF?

r0ach

legendary

Activity: 1260

Merit: 1000

I read someone claim the last controversial ETF took seven years. It might be a couple years from now, or it could even occur in 2017. I could see them fast tracking it if the post-halving charts don't look like a completely ridiculous pump and dump going from like $500 to $10,000 and back to $1000 again. People would think that's kind of suspicious. If it went from $500 to $3200 then back to $1600, they would consider that OK and just price discovery/growing market.

Fakhoury

legendary

Activity: 1386

Merit: 1027

Permabull Bitcoin Investor

Quote from: r0ach on May 08, 2016, 02:08:48 AM

1. I'm confussed now, is BTC a commiditoy or an assest ? And how do the centeral banks view it ?

I view Bitcoin 100% as a currency and not commodity. Europe recognizes it as such. The US govt claims it's a commodity. Whatever they classify it as might be entirely motivated by existing taxation structure, so it's kind of irrelevant what random bureaucrats say. If you try to look at it from an angle claiming that Bitcoin can't handle micro-transactions so that makes it a commodity, this is false. All that means is it's a network for wealthy people to place large value transactions and people living in poverty will be priced out.

Having said that, I estimate you only need around 8MB blocks for Bitcoin to be utilized and spread by the middle/upper middle class of 1st world nations as a checkbook type device for large value transactions. 3.2MB blocks + payment channels might give you the equivalent or higher of 8MB blocks, and that happens in the very near future.

We don't need every poor person in the world to use Bitcoin for it to have value. People who have lots of money are the prime benefactors of Bitcoin because they have the most to lose when the bankers have a bank holiday and freeze their accounts for withdrawal.

2. Do you want to say that the new normal for the central banks will be is buying BTC ? If yes, kindly elaborte more about it.

I think once the next Bitcoin bubble occurs, banks and ETFs will be forced into the market, and they'll pump Bitcoin way higher on top of the large gains it already makes. The Winklevoss are some of the most cunning whales in this game having an ETF planned before the thing even got off the ground. People like Max Keiser and Rpietila just bought early and that's about it. Winklevoss bought and built the framework on top of that for it to explode to obscene levels.

Well said, thanks bro

- When do you think we will platu, in other words, fireworks begin and the new era begins ?

- Could you please as well break down by a timeline from your view about about the coming phases of Bitcoin, e.g.

End of 2016 - Bitcoin is prepared from something

2017 - Mid 2018 - Start of instutional investors merging

and so on.

Edit 1 : - When do you expect to see the COIN ETF ?

r0ach

legendary

Activity: 1260

Merit: 1000

1. I'm confussed now, is BTC a commiditoy or an assest ? And how do the centeral banks view it ?

I view Bitcoin 100% as a currency and not commodity. Europe recognizes it as such. The US govt claims it's a commodity. Whatever they classify it as might be entirely motivated by existing taxation structure, so it's kind of irrelevant what random bureaucrats say. If you try to look at it from an angle claiming that Bitcoin can't handle micro-transactions so that makes it a commodity, this is false. All that means is it's a network for wealthy people to place large value transactions and people living in poverty will be priced out.

Having said that, I estimate you only need around 8MB blocks for Bitcoin to be utilized and spread by the middle/upper middle class of 1st world nations as a checkbook type device for large value transactions. 3.2MB blocks + payment channels might give you the equivalent or much higher than 8MB blocks, and that happens in the very near future.

We don't need every poor person in the world to use Bitcoin for it to have value. People who have lots of money are the prime benefactors of Bitcoin because they have the most to lose when the bankers have a bank holiday and freeze their accounts for withdrawal. People with extremely small amounts of money (very poor 3rd world nations) can still use centralized BTC debit card services if they can't afford on-chain transactions.