Is the US government trying to regulate Bitcoin?

theverge.com 20 Mar '13, 8pm

Is the US government trying to regulate Bitcoin?

The community around Bitcoin, the fast-growing virtual currency that sustains an economy worth more than $650 million , has been shaken by what seems to be the first government response to its phenomenal rise. Yesterday the Financial Crimes Enforcement Network (FinCEN), a bureau of the US Treasury Department, published some guidelines for how virtual currencies should be regulated — and it says many Bitcoin businesses need to register with the US government. After mulling over its response for a day, the Bitcoin Foundation — the closest thing the decentralized currency has to a spokesperson — has released a statement condemning the rules. "I’m a little disheartened that FinCEN appears to be creating an entirely new regulatory scheme under the guise of 'guidance,'" wrote Patrick Murk, adding that compliance would be "infeasible for many, if not most members of the Bitcoin c...

Full article: http://www.theverge.com/2013/3/20/4127506/bitcoin-foundat...

Tweets

@semmoneglynn » 28 Mar '13, 4pm
RT @MGHANI: Is the US government trying to regulate Bitcoin? [link]
@iCouponAlerts » 23 Mar '13, 9pm
RT @PseudoSocratics: Is the US government trying to regulate Bitcoin? [link] via @verge #Bitcoin #Currency
@smilinginvestor » 23 Mar '13, 4am
When internet currency bitcoin become too powerful, is US government got the power to regulate ? [link]
@genen » 22 Mar '13, 10pm
Is the crash coming? (Is the US government trying to regulate Bitcoin?) [link]
@cheg00 » 22 Mar '13, 11am
RT @loloster: RT @nono2357: RT @Korben: "Is the US government trying to regulate Bitcoin?" good read [link]
@loloster » 22 Mar '13, 10am
RT @nono2357: RT @Korben: "Is the US government trying to regulate Bitcoin?" good read [link]
@windowsmachowto » 21 Mar '13, 11pm
Not all bad news RT @jonmck Is the US government trying to regulate Bitcoin? [link] @mouselink govt always gets their money
@oiwoods » 21 Mar '13, 8pm
RT @JeremyGKatz: The US government trying to regulate Bitcoin, #nosurprises: [link]
@JeremyGKatz » 21 Mar '13, 8pm
The US government trying to regulate Bitcoin, #nosurprises: [link]
@rszbt » 21 Mar '13, 7pm
RT @msgbi: Is the US government trying to regulate Bitcoin? | The Verge [link]
@msgbi » 21 Mar '13, 7pm
Is the US government trying to regulate Bitcoin? | The Verge [link] @rszbt
@Bitcoin » 21 Mar '13, 7pm
Fincen said Bitcoin without saying Bitcoin RT @antonioeram: "Is the US government trying to regulate Bitcoin?" [link]
@upLib » 21 Mar '13, 6pm
RT @lpenou: #Bitcoin 59€ avec une pointe à 69,95€ ! Est-ce lié à l'annonce #FinCEN ? [link]
@ange787 » 21 Mar '13, 6pm
@ARRMHEAD [link] read this article if your more interested cos this is what I just read lol
@yangrunenberger » 21 Mar '13, 6pm
« Why invent internet currency if it is just going to be the same? » [link]
@lpenou » 21 Mar '13, 5pm
#Bitcoin 59€ avec une pointe à 69,95€ ! Est-ce lié à l'annonce #FinCEN ? [link]
@hometownplus » 21 Mar '13, 5pm
RT @manusporny: US Goverment starts regulating Bitcoin: [link] /via @dlehn @pelleb @petervan #bitcoin #msb #futureofmoney
@quietrevolt » 21 Mar '13, 5pm
Is the US government trying to regulate Bitcoin? [link] (I wouldn't be surprised if they did)
@manusporny » 21 Mar '13, 5pm
US Goverment starts regulating Bitcoin: [link] /via @dlehn @pelleb @petervan #bitcoin #msb #futureofmoney
@MoneySideOfLife » 21 Mar '13, 2pm
US gov might be trying to regulate #virtualcurrency #Bitcoin, which might not be a bad thing. Via @Verge [link] #Fincen
@ChaosAddicted » 21 Mar '13, 2pm
@XygoIus Ovde ti je tacan iznos. [link] 2 zanimljiva clanka [link] [link]
@mouselink » 21 Mar '13, 1pm
RT @jonmck: Is the US government trying to regulate Bitcoin? [link] @mouselink govt always gets their money...
@NOH8ER » 21 Mar '13, 9am
RT @BitCoinReporter: Is the US government trying to regulate Bitcoin? - The Verge [link] #bitcoin
@medzmuph » 21 Mar '13, 8am
You know it's pretty important when the US government feels threatened by it [link]
@opensussex » 21 Mar '13, 7am
[link] << #bangheadagainstwall
@BitcoinOz » 21 Mar '13, 7am
Is the US government trying to regulate Bitcoin?: The community around Bitcoin, the fast-growing virt... [link] #bitcoin
@AnonymousFin » 21 Mar '13, 7am
RT @YourAnonNewsKR: Is the US government trying to regulate Bitcoin? [link]
@IkeNetworkGuy » 21 Mar '13, 6am
Is the US government trying to regulate Bitcoin? [link] via #BTC #p2p
@guidozelf » 21 Mar '13, 6am
Begin van het einde....Is the US government trying to regulate Bitcoin? [link]
@_LuckyBastard » 21 Mar '13, 5am
@MujoGT [link]
@JewishLiberty » 21 Mar '13, 5am
Government wants to regulate #bitcoin? Id love to see them try [link]
@IBETLVMCGMTJMK » 21 Mar '13, 5am
Okay, I want those of our fans who think Bitcoin is a crock to shut the f**k up for a minute or two. For the rest... [link]
@EvolveFiRE » 21 Mar '13, 4am
Nooooo! Time to see the bitcoin king! @Ruth-Paloma Rivera-Perez [link]
@antonioeram » 21 Mar '13, 4am
the system fights back.today @bitcoin "Is the US government trying to regulate Bitcoin?" [link]
@coinlab » 21 Mar '13, 2am
.@verge Thanks for the sweet mentions! @CoinLab, @MtGox & @BTCFoundation in one article! [link] #triplecrown #bitcoin
@V_Cunning » 21 Mar '13, 2am
@maxkeiser Is the US government trying to regulate Bitcoin? [link] via @verge
@Pyramining » 21 Mar '13, 1am
Is the US government trying to regulate Bitcoin? [link] #Pyramine now before the government ruins it! [link]
@jonmck » 20 Mar '13, 11pm
Is the US government trying to regulate Bitcoin? [link] @mouselink govt always gets their money...
@toristreet » 20 Mar '13, 11pm
Hey @joahua Is the US government trying to regulate Bitcoin? [link] via @verge
@coinners » 20 Mar '13, 11pm
RT @jeremy6d: U.S. Government moves to regulate Bitcoin [link]
@jeremy6d » 20 Mar '13, 10pm
U.S. Government moves to regulate Bitcoin [link]
@henryvelez » 20 Mar '13, 10pm
“BITCOINERS REVOLT Is the US government trying to regulate Bitcoin? | The Verge [link]” @adamcurry
@theblueknight_ » 20 Mar '13, 10pm
Poke @Factaymius RT @verge Is the US government trying to regulate Bitcoin? [link]
@stosty » 20 Mar '13, 9pm
Bitcoin US #twardyorzechdozgryzienia [link] via @verge
@shelledesigns » 20 Mar '13, 9pm
“@verge: Is the US government trying to regulate Bitcoin? [link]” // @holotropik
@psdwordpress » 20 Mar '13, 9pm
#wordpress Is the US government trying to regulate Bitcoin? [link]
@Patmo » 20 Mar '13, 9pm
RT @carlfranzen Is the US government trying to regulate #Bitcoin? [link] via @adrjeffries cc @bitcoininfo
@zoranco » 20 Mar '13, 9pm
RT @jovicakuzman: Is the US government trying to regulate Bitcoin? [link] via @verge
@carlfranzen » 20 Mar '13, 9pm
Is the US government trying to regulate #Bitcoin? [link] via @adrjeffries cc @bitcoininfo
@WeTalkWorld » 20 Mar '13, 8pm
RT @TheGeekyBoss: Is the US government trying to regulate Bitcoin? [link]