I understand the state's fear after the Mt. Gox fallout but their effort seems too overreaching. How could they possibly enforce _all_ citizens and businesses involved in cryptocurrencies to have licenses, hold 10 years of records, etc.?
OTOH, would there be a way to hold currency exchanges legally accountable without breaking cryptocurrencies?
There are too many stupid exchanges that scam peoples' coins and this seems like a barrier to adoption for lots of people. It would be nice to just push $100 from a bank account into a bitcoin account (like paypal does).
OTOH, would there be a way to hold currency exchanges legally accountable without breaking cryptocurrencies?
There are too many stupid exchanges that scam peoples' coins and this seems like a barrier to adoption for lots of people. It would be nice to just push $100 from a bank account into a bitcoin account (like paypal does).