02 Mar '13, 4pm

Bitcoin Exchange Deal Repatriates Assets To U.S.

Mt. Gox grew to its current size before the strict regulatory framework advanced around them and they genuinely seem like a reluctant participant in the strenuous and exhausting labyrinth of compliance measures. Although a more free market approach would have been to establish banking relationships in a variety of jurisdictions and challenge the perceived status of bitcoin trading as “currency trading,” I don’t get the sense that they intend to use the issue of regulation and a licensed U.S. bank as a tool for competitive advantage.

Full article: http://www.forbes.com/sites/jonmatonis/2013/03/02/bitcoin...

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