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A libertarian nightmare: Bitcoin meets Big Government

http://www.salon.com

Over the years, Bitcoin has experienced ups and downs; the currency has been targeted by hackers and thieves and botnets and been victim to more than one embarrassing software glitch. But it has persevered, and this week, one can fairly say that Bitcoin came of age. On Monday, the U.S. Treasury’s Financial Crimes Enforcement Network released its first “guidance” as to how “de-centralized virtual currencies” should fit into the larger regulatory regime under which currencies of all kinds are required to operate. The word “Bitcoin” is never mentioned in the release, but that’s just a technicality. Everyone in the Bitcoin community knew who the guidance was aimed at. Bitcoin is a big boy now. The State is paying attention.

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Cyphase's picture
Created by Cyphase 1 year 3 weeks ago – Made popular 1 year 3 weeks ago
Category: Money   Tags:

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