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The key words are "by regulation or law." Bitcoins are completely unregulated right now. Coinbase can do whatever they want with people's crytocurrency and the
by Aunche 9y ago
The key words are "by regulation or law." Bitcoins are completely unregulated right now. Coinbase can do whatever they want with people's crytocurrency and the government won't bat an eye, which is basically what happened with Mt Gox. At least your bank account is FDIC insured.
- jacobush 9y agoIsn't Bitcoin considered a liquid asset by most jurisdictions? So even though it's not money, you can't do just anything without culpability whatsoever.
- Aunche 9y agoOk. Anything is an exaggeration, but they can definitely get away with insider trading or market manipulation. For example, litecoin rose suspiciously right before Coinbase announced they were letting people buy litecoin.