Comments on: Bitcoin Targeted By Latest FinCEN Ruling? – Implications Are Profound

By: Things to be aware of when you transfer money to and from the US | Expat Everyday Support Center

Tue, 05 Feb 2013 15:23:03 +0000

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By: onewhocansee

onewhocansee — Tue, 24 Apr 2012 18:36:00 +0000

As long as the dollar is the reserve unit of the world, these foreign entities will do the US Gov’t's bidding because all the governments of the world are in bed with them. If you don’t think that this will not apply to you, then you are naive. The US Gov’t will rule wherever they want because they can. Government is force and the US government uses it in spades. The law has nothing to do with it.

By: Michael Suede

Michael Suede — Wed, 29 Feb 2012 07:36:00 +0000

This latest ruling was not “proposed two years ago”

FIN-2012-A001 Issued:February 15, 2012

By: Mark Herpel

Mark Herpel — Wed, 29 Feb 2012 02:03:00 +0000

The new regs that were proposed like two+ years ago have ALWAYS been very clear on this subject. Any MSB located anywhere in the world that is “engaged in business with U.S. clients” is the same as being located in the US and falls under their regulations as of this month, March 2012. That’s digital currency companies and independent agents transacting in digital currency exchange with U.S. located clients. Want to avoid the law (and it is now a U.S. law) you MUST drop all U.S. customers or block U.S. IPs so that you are not engaged in business “IN” the U.S. This is why GoldMoney just dropped all of it’s account-2-account payments and “banking” type business, because they did not want to be an MSB. The company that patented the digital gold payment process just got out of that business because of these new regs. That was not the profitable part of their company so to avoid the MSB stuff, they dropped that part of their model. This is also why WebMoney is blocking all U.S. IPs. It’s pretty clear and bitcoin was NOT the reason for the new regs, they were proposed many years back. Yes, to comply, Mt Gox should be out of the US market completely or risk having their accounts seized or closed, the US is dead to this business and now you see banks pumping out new products for nonbank customers.

By: BitCash.eu

BitCash.eu — Sat, 18 Feb 2012 13:05:00 +0000

For the rest of us in the non-US territories.. we should be glad…

http://www.techdirt.com/articles/20120216/17154217785/congrats-us-government-youre-scaring-web-businesses-into-moving-out-us.shtml

By: BitCash.eu

BitCash.eu — Fri, 17 Feb 2012 14:30:00 +0000

I’m reading this as e.g. withdrawing US Dollars from Mt.Gox (located in Japan) to US bank account (bank account physically located in US).

By: Dana Shetterly

Dana Shetterly — Fri, 17 Feb 2012 14:22:00 +0000

Lol , How can you be “within the US” but not be physically located here?
Is it because “within the US” doesn’t mean what people think it means?

By: Bitcoin Targeted By Latest FinCEN Ruling? – Implications Are Profound | Libertarian News | Faisal Khan

Fri, 17 Feb 2012 14:04:32 +0000

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By: Bitcoin Targeted By Latest FinCEN Ruling? – Implications Are Profound | Libertarian News | Money Remittance

Fri, 17 Feb 2012 13:34:08 +0000

[...] Bitcoin Targeted By Latest FinCEN Ruling? – Implications Are Profound | Libertarian News. [...]

By: Brill Galt

Brill Galt — Fri, 17 Feb 2012 06:46:00 +0000

____Weak Government______

The government is WEAK because it responds with FORCE to non-violent acts; it is too stupid to think of peaceful means for achieving its goals. Responding to a headache with a hammer is not only foolish, it is evil.

Guess what? You may no longer recognize the U.S. government as having any legitimate authority over yourself as you never consented to it. By initiating force against persons for non-violent acts, they have forfeited their powers.

Score:

Government — 0
Bitcoin — +100