4 ms·
Whether it's this bill or not, this kind of legislation is inevitable, isn't it?
by erdevs 10y ago
Whether it's this bill or not, this kind of legislation is inevitable, isn't it?
- mhluongo 10y agoThe last version was much less restrictive. Regulation is certainly inevitable, but stifling regulation is something we can fight against.
- lijason 10y agoYeah, I don't really understand the anger about this. Financial institutions already have significant regulations. It's not clear to me why the digital currency equivalent institutions shouldn't be treated similarly. If the only argument for digital currency is lack of regulation, it seems that people should be pushing for decreased regulation on financial institutions instead. An end-around regulation just because we're using digital currency as the go-between doesn't seem to make a lot of sense. Big caveat, I haven't read this bill or about this bill enough to know if it goes significantly beyond the regulations for financial institutions. If so, clearly, that's different.