“The Bitcoin banking casualty list is a long one: popular Bitcoin – USD exchanges Bitfloor and BitInstant, in New York; Tradehill, in California; and Bitbox, in Michigan, have been out of commission for months. All had registered as money exchangers with the Department of Treasury’s FinCen. Mobile Bitcoin payment company Coinapult moved from Colorado to Panama to avoid the ‘murky, unpredictable, and onerous’ regulatory environment in the U.S.. Capital One even shut down the merchant account for Mulligan Mint, a commemorative coin maker, when it started making physical Bitcoin silver coins; the business was not in fact dealing with Bitcoins, just making fake models of them.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Colorado's neighboring sheriffs lamenting their own marijuana arrests?
Bank of England Governor on Bitcoin: It needs 'accountability'
China housing inflation quickens to two year high
The Surveillance Speech: A Low Point in Barack Obama's Presidency
John Kerry, 1971: 'I Don't Think U.S. Can Apply Moralism Around The World'
Iran to be hooked up to global banks in weeks; U.S. investors still banned
Amazon asks for laxer online shopping rules in India
Ron Paul: Yellen likely frontrunner in Fed race
Lawsuit: Multi-state voter registration database exposed partial SSNs
Beam me over, Scotty? A quantum leap in quantum teleportation.
Bitcoin could get boost from Square and Stripe moves
French-led forces in Mali take Timbuktu airport, enter city
Anthony Gregory: Newtown and the Bipartisan Police State
Gene wars: the last-ditch battle over who owns the rights to our DNA
NSA: Surveillance court says no upper limit on phone records collection