15 Feb '13, 8pm

The Bitcoin Act – Legistlation of Bitcoin and Promoting Global Digital FinanceVia @yoniassia #bitcoin

“Financial regulators can’t regulate consumer behaviour” brett king As part of the emergence of bitcoin and digital finance, there are a lot of questions regarding the legality of bitcoin and its derivative projects. One of the main hurdles in financial innovation has always been legistlation and regulation, while regulators have the to keep the best interest of it local citizens, the ussually block innovation due to the exisitng local legal insfrastructure, and the lack of a more agile global infrastructure. I suggest forming a collaborative brainstorm wiki to create a legal act that people of all countries can try and pass. That will, in effect, formalize bitcoin as a legitimate and legal virtual currency, which business and people can transact with. I suggest crafting a simple act, that any person can read, understand and promote, for example : 1. Any Person buying/sell...

Full article: http://yoniassia.com/the-bitcoin-act/

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Bitcoin

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