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>To this day I still cannot understand why they didn't just buy bitcoin over the counter over time VCs aren't allowed to invest in currencies.
by amadeuspagel 6y ago
>To this day I still cannot understand why they didn't just buy bitcoin over the counter over time
VCs aren't allowed to invest in currencies.
- Melting_Harps 6y agoBitcoin isn't a currency according FinCen [1], and back then not according the IRS [2], either. Maybe they were just trying to stay under the radar, but that's a lucky guess and again they've been active in the space regardless since '14. Who knows, but still I wanted to believe Blaji could actually live up to his 'Buidl' Speech, and I'm actually surprised he isn't around here on HN somewhere. 1: https://klasing-associates.com/fincen-update-bitcoin-cryptocurrency-not-subject-foreign-bank-account-reporting-fbar/ https://klasing-associates.com/fincen-update-bitcoin-cryptoc... 2: https://www.usatoday.com/story/money/business/2014/03/25/irs-says-bitcoin-is-property/6873569/ https://www.usatoday.com/story/money/business/2014/03/25/irs...