It's no surprise that Bitcoin – and cryptocurrencies in general – has suffered since the big blowup in late 2017. Traders, new investors, and onlookers …
Google Alert – bitcoin
Being a regular cryptopanic reader I am used to shady, clickbaity or wannabe price-tweaking posts.
When I read "Wyoming drops biggest crypto regulation news ever." as headline I was like: yeah, sure. M00N S00N.
But as it was tagged Cardano, which I like a lot, and Cardano moved to this very Wyoming recently, I figured: why not treat yourself to some decent trash read.
And seriously, having been in crypto for some years, I was thinking: is this it? Is this really it? Can't be.
Long story short: I think it is, actually. It's just hidden in the worst headline in a repost (and overlongest twitter-monologue in original).
My sum up would be:
bill legitimates banks as official crypto storage and handlers. One twist of the wording of the bill is that it also gives crypto the same currency "rights" as fiat currencies in Wyoming. Other twist is that, the way it is put, it allows for the facilities, as they are defined as banks, to act all through United States, not only in Wyoming. It even fixes the lien issue.
Please read for yourself and tell me if I get this wrong. English is not my first language, neither is law my field of expertise.
Twitter-tirade by Caitlin Long (no joke) explaining the whole thing in (very much) detail (30+ consequent Tweets):
News article – more brief than the Twitter-thing – but less detailed on the wider implications:
Let me know what you think.
submitted by /u/Wally_the_Lao
Bitcoin – The Currency of the Internet
a gentleman who is in the money transfer business told me this, I am not privy to any secret financial authority that monitors hacked activity, however, all bitcoins brought/sold in the United States are tracked (as required by law) by all the legal exchanges and/or companies dealing in bitcoin. What inferences they (the law enforcement authorities) can get out of it, is anyone’s guess. what is he talking about? rsvp.
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Google Alert – bitcoin