30 Mar '13, 10pm

Ask Slashdot: Should Bitcoin Be Regulated?

"Federal regulators are starting to make noise about Bitcoin, the digital currency that's gained in recognition and value over the past few years: the Treasury Department's Financial Crimes Enforcement Network (FinCEN) is offering up 'guidance' for digital currency and those who use it as part of commerce. But the Bitcoin Foundation, which is devoted to standardizing and promoting the currency, doesn't like that idea; as Patric Murck, the organization's general counsel, wrote in a March 19 blog posting: 'If FinCEN would like to expand its statutory authority over "money transmitters" to include brand new categories such as "administrators" and "exchangers" of digital currency it must do so through proper rulemaking proceedings and not by fiat.' If Bitcoin continues to gain in value, it could spark a rise in virtual currencies—and force some very interesting discussions ove...

Full article: http://yro.slashdot.org/story/13/03/30/2131223/ask-slashd...

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Leave me a question on my blog!

Leave me a question on my blog!

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I don't really have a question...more a urgent request. I really want you to go study more about skincare. Read REAL scien...

Leave me a question on my blog!

Leave me a question on my blog!

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FINCEN: Bitcoin Users Not Regulated, Exchanges Are

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