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Posted on 01/28/2014 7:50:49 AM PST by Errant
The New York Department of Financial Services is shortly to begin its hearing about bitcoin and other digital currencies.
Taking place in the 4th Floor Boardroom of 90 Church Street, New York, the hearing is set to begin at 11:30 (EST) today (28th January) and the second session will begin tomorrow at 10:00.
A live webcast of the hearings can be found here.
(Excerpt) Read more at coindesk.com ...
•What arrests say about the future of bitcoin
•Will America Follow Washington State’s Lead and Classify Bitcoin as ‘Money’?
•New York Hearings Open in Shrem’s Shadow
•Derivatives, Futures and Protecting Against Bitcoin’s Risks
•Bitcoin Crime Risk Sparks Warning at Top Nordic Forex Bank
•Black eye for Bitcoin: US arrests Bitcoin Foundation exec for money laundering day before hearings
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•Russian Bank Halts All Cash Withdrawals
•Bundesbank calls for capital levy to avert government bankruptcies
•Want To Reduce Income/Wealth Inequality? Abolish The Engine Of Inequality - The Federal Reserve
Watching this worries me, it seems the focus of the regulators is on money laundering, as if bitcoin is the only place laundering occurs, and these regulators want assurances laundering cannot happen at all which is impossible.
The gov’t will eventually over regulate destroying economic freedom, much like global banking has done now.
If they are worried about “money laundering” they should start with Obama’s reelection campaign.
The government doesn’t care what it destroys as long as it has CONTROL.
5.56mm
I haven't used either so have no idea of their reliability.
I enjoyed the positive tone of last 40 minutes of this panel, I hope the regulators see the future, they seemed a bit exited about bitcoin, towards the end.
If people are to ever wrestle control of the currency back from government and banksters, it will take a currency (medium of exchange) proven capable of withstanding anything that can throw at it.
For tomorrows broadcasts this could be a live thread, the info I’ve seen so far has been very enlightening, thanks for the thread, I think you will see this list grow very large in the next few months.
My enthusiasm for bitcoin is encouraged.
Noted. And speaking of encouragement, I’m also encouraged by how well the price of Btc bounced back after the negative news of Bitinstant’s executive being arrested on money laundering charges. That was quite a shock to the entire community.
True like in the stock market, negative news can be a buying opportunity, BTW I’ve noticed that the best price points for buying occur between 1am and 3am est, that observation has only been 3 days, I’m going to watch for a while to see any consistency.
A panel of lawyers this should be interesting.
Yep, interesting and encouraging. Let’s change the emphasis from “regulation” to simply the ability to audit for illicit transactions and taxing purposes. I don’t have a problem with that, as long as “control” over this new medium of exchange resides with the people and NOT with governments or banksters. It’s time people of a land actually do control the purse.
The arrest was pure political theater, fly shit in the pepper. The indictment read like a story in the National inquirer.
Bitcoin will Honey Badger on!
Pretty interesting testimony going on live now in NYC at this link: http://www.totalwebcasting.com/view/?id=nysdfs
Oh no have the gov’t join the network to protect it, lawyers are dangerous.
I'm liking the LTC guy on the panel of witnesses...
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