To come away from yesterday`s hearing with the conclusion that the US government approves of bitcoin is a bit naive, I`ve gotta say. It`s nothing but a tiny blip on their radar right now. If bitcoin actually does catch on and spread outside the small circle of crypto geeks and libertarians, trust me, they will start to care. And they`re not going to have good things to say anymore. They will find a way to tax it, regulate it, or bring it down. That`s what they do.
How`s the online poker scene doing these days? Oh, that`s right, the government essentially shut it down by seizing the bank accounts of all the popular sites, in the name of *money laundering*. Hmm, wonder if bitcoin could be used for money laundering...
How`s the online poker scene doing these days? Oh, that`s right, the government essentially shut it down by seizing the bank accounts of all the popular sites, in the name of *money laundering*. Hmm, wonder if bitcoin could be used for money laundering...
I absolutely agree, bitcoin is very small right now for the US government. When it does grow the government will change its tune. We are still only at the beginning of this and there is a huge amount of development that still has to take place and that needs to progress to make it easier for everyday people.
The future is exciting!!!
Time will tell. Over here of course online gambling is legal (UK). I think the uk stance at the moment on Bitcoin is that it is a classed as a voucher......yeah....confused me as well.
