“The dichotomy between EU and U.S. approaches to e-money becomes even more apparent when one looks at the uniformity of the EU e-Money and Payment Services Directives versus the almost hostile FinCEN guidance on virtual currencies and the incomprehensible patchwork of state money transmitter laws. Because of this, I estimate that the EU currently enjoys at least a five-year head start over its U.S. brethren in accommodating evolving payments efforts. The U.S seems content to extinguish innovations like e-Gold in an effort to maintain complete control over money businesses and to project dollar hegemony within its borders.”
http://www.forbes.com/sites/jonmatonis/2013/05/20/bitcoin-comes-to-swift/
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Zelle, the Banks’ Answer to Venmo, Proves Vulnerable to Fraud
Puerto Rico bonds crash high-yield municipal debt party
Alfred McCoy: The Future of the American Empire
Rampant recycling fraud is draining California cash
China's State Press Calls for 'Building a de-Americanized World'
Ex-CIA agent convicted of Italian kidnapping and held in Panama being returned to US
Myanmar says it ends decades of media censorship
Greeks clash with riot police as politicans pass austerity measures
South African labor unrest spreads, gold, construction strikes loom
Ten years after war, Iraq emerges as a major arms buyer
Researcher’s paper banned for containing luxury car security codes
Corporate America's buyback binge feeds investors, starves innovation
Woman informing Kerry, McCain on Syria is paid advocate for rebels
Virginia vintners taste the police state
Absent Chavez devalues Venezuelan currency to aid gov't finances