Conceptually, I believe Bitcoins, or some derivative of them, will change the world. However, after writing a 25 page report on the legality of Bitcoins, I'm convinced the US government will view them as "domestic terrorism."
Yes, you read that correctly.
There are laws that state that anything that can be used to facilitate money laundering OR threaten the US economy is illegal.
Don't get me wrong though, I'm one of the most active Bitcoin fans I know, I think the concept is unbelievable. I just wanted you to know that there might be some additional legal barriers as you can gain traction.
Yes, you read that correctly.
There are laws that state that anything that can be used to facilitate money laundering OR threaten the US economy is illegal.
Don't get me wrong though, I'm one of the most active Bitcoin fans I know, I think the concept is unbelievable. I just wanted you to know that there might be some additional legal barriers as you can gain traction.
Stay hungry, stay foolish.