bull2013

Technically, the law's there, but no one knows how to implement it. Banks can trade crypto now, but the guidelines are MIA.

Exactly! It’s always crypto that gets the blame when any bad stuff happens, even though it could be happening with fiat too.

It’s a decent sign that the SEC seems keen on supporting growth instead of choking the industry. Not too sure how effective this no action relief is, though. Most projects outside the US probably won’t benefit, and the…

Does anyone know how G20 decisions actually affect member countries? Isn’t it up to each country to create their own laws?

We don’t need it to be legal tender. Just tweaking the tax code a bit would help a lot. In Australia, you can use Bitcoin for personal purchases without capital gains tax.

Exactly! You’re falling for two scams if you get that card. They’re just setting you up for failure.

Yeah, we can’t really judge Runyon’s motives just yet. But I’d be cautious about putting money into Kraken while this is ongoing.

People just never learn, do they? Bitcoin is supposed to be decentralized and trustless, yet so many still trust random online services. Hosted wallets are basically a scammer's playground.

You should read 1Referee’s post. Fees aren’t capital losses; they’re service charges. Just keep track of your fiat amounts.

Can you share the name of this ATM manufacturer? I heard a similar story from someone in Europe where an employee essentially robbed him using a custodial wallet. The thief was even reported dead afterward.

It's not really necessary for Bitcoin to have banks to succeed. We've got plenty of existing options that don’t need physical banks.

Regulations are still a mess. No wonder US exchanges avoid IEOs. I'm curious about how they keep US customers out. KYC? Maybe.

If they did allow US investors, Kik’s case looks pretty weak. Even if they blocked US IPs, the SEC is likely gonna expect KYC checks to filter out US buyers. If they didn’t have jurisdiction, why even go after them?

I’m okay with some regulations, but too much is just overkill. It’s like we’re punishing everyday users just to catch a few bad actors. But yeah, it’s pretty obvious that regulators are tightening their grip. Wouldn't…

Feels like this is the government’s way of distancing themselves after the Satowallet exit scam. They’d rather just ignore the real problems than tackle them. They should focus on better regulations instead.

That could get pricey. If you’re in the EU, banking should be decent. Many places have debit cards with fair exchange rates and low fees.