Winklevoss Twins All for Bitcoin Regulation
CNBC
reports:
Government regulations will actually help bitcoin, not hurt it, digital currency entrepreneur Cameron Winklevoss says.
During a panel discussion at the NExT conference entrepreneurial event in New York, he said regulations will help give credibility to bitcoin, which has a reputation of being used by criminals laundering dirty money.
"If and when it does get more regulated, which I think, personally, in the bitcoin world, we love regulation. I don't want to facilitate bad uses of money as much as anybody else. So I don't really have an issue with that," the co-founder of Winklevoss Capital Fund said Thursday.
If someone challenged all this regulation of bitcoin exchanges as currency exchanges I think the first question a court would address is, are bitcoins money, i.e., legal tender in any country on Earth. Does any country require acceptance of bitcoins for "all debts, public and private"? Where can I pay my taxes in bitcoins?
ReplyDelete"we love regulation"
ReplyDeleteBitcoin, meet your first publicly admitted crony capitalist.