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Bitcoin is only as anonymous as the blockchain allows. The sooner LE & bitcoin exchangers unify forces and convince Congress to act on a national level (thus re
by ccarter84 13y ago
Bitcoin is only as anonymous as the blockchain allows. The sooner LE & bitcoin exchangers unify forces and convince Congress to act on a national level (thus removing the regulatory uncertainty), the sooner BTC will be allowed by existing players to be adapted into mainstream financial system.
The shifting of BTC abroad aspect is a problem from the LE perspective, because it's akin to everything 'going dark.' Yes there are downsides to more regulation if you're looking for truly being off the grid, or are mainly a user of silk road --- but it will also allow the system to live in the open, much like the recent rulings from FinCEN equating BTC exchangers to MSB's and pulling them in to the existing framework that way.