“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/
Related posts:
How a gov. spelling mistake bankrupted a 134-year-old family business
Considerable interest seen in new Latvian dual citizenship program
British Judge Upholds Warrant for Assange For Fleeing From Dropped Charges
Bankers, bankers uber alles, uber alles in der welt
UN to investigate civilian deaths from U.S. drone strikes
Holder to propose curtailing mandatory minimum drug sentences
Investment firm VanEck calls bitcoin a 'fad,' then files for bitcoin ETF
NPR: Lawmakers, Banking Regulators Take On Bitcoin
Richard Branson: Space tourism won’t hurt environment
U.S. nears deal to cut Egypt’s debt by $1 billion
Lazio governor Renata Polverini resigns amid Italian scandal
Capital Flows Back to U.S. as Markets Slump Across Asia
Currency Market Unsettled by Trader Exits on Lawsky Probe
Interview with Slashdot founder Rob Malda
Will Bitcoin Be Accepted by PayPal?