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Did the Chinese mafia who orchestrated the last spike move to a new country to do it again? Its fun because there is no way to tell. Good times.

But it's legitimate when the Federal Reserve uses Belgium as a front to buy up the US Treasuries Russia is selling off?

Russia%20TSY%20March.jpg20140515_TIC1.pngBelgium%20March.jpg

Edited by CanadianLoonie
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But it's legitimate when the Federal Reserve uses Belgium as a front to buy up the US Treasuries Russia is selling off?

Russia%20TSY%20March.jpg20140515_TIC1.pngBelgium%20March.jpg

Countries are buying and selling securities so that makes it fine that Chinese mobsters are manipulating Bitcoins value. Brilliant. You have allayed all of my fears.

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Countries are buying and selling securities so that makes it fine that Chinese mobsters are manipulating Bitcoins value. Brilliant. You have allayed all of my fears.

That was the action of a central bank manipulating the value of it's own currency...is that alright by your standards?

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  • 1 month later...

Well beyond all the hype and yakking heres something real:

The Jersey Financial Services Commission (JFSC) has given approval for a company to start a regulated Bitcoin Investment Fund. This will give major investors their first chance to invest in the digital currency within a regulated framework. This opens the door for insurance companies, pension funds and other institutions to invest for the first time.

This is the first regulated Bitcoin fund in operation. Investors will have to conform to the same security checks as those undertaken with mainstream financial products.

Source: http://www.bignewsnetwork.com/index.php/sid/223695999/scat/3a8a80d6f705f8cc/ht/Jersey-approve-Bitcoin-fund-launch-on-island

You want acceptance by the mainstream? This is a step.

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It is unusual considering the business is almost wholly government-owned...

They are doing something right. That airline was bleeding money when SAS owned it and until the Gov stepped in in 2011. It likely would have collapsed if they hadnt bought it. Cost cutting and an improving economy in Latvia in general have turned it around. Thats right, in some countries the Government can buy a business and make it profitable. Not in Canada, but in other countries.

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  • 3 weeks later...

Well someone doesnt seem to like the idea of their unique little outlaw currency becoming just another commodity in the boring old world of trading. Get over it, Bitcoin is gonna have to move up to the big boys table with the IRS, SEC etc. and quit playing in the sand with Chinese mafia goons.

The SEC now recognizes BITCOIN as an investment and subject to SEC securities laws. They have already charged a number of people with running Bitcoin dominated ponzi schemes in the last little while. Heres one: http://www.sec.gov/News/PressRelease/Detail/PressRelease/1370539730583#.U2oFOvldUwA

The IRS has announced that Bitcoin will be taxed as it taxes capital gains on stocks. On Cir.ca: "The IRS on March 25 said that it would treat Bitcoin (and other virtual currencies) like property, not currency, for tax purposes. The ruling means that the IRS will treat Bitcoin held by users the same way it treats stock; Bitcoin holders would be required to pay capital gains on any increase in value."

The regulators are coming and these "antiquated institutions" are gonna straighten out this mess.

So the New York Department of Financial Services has released a draft for what the state's BitLicenses will look like, so does this signify "legitimacy" to you now that antiquated government institutions are going to regulate it?

http://www.businessinsider.com/nydfs-bitlicense-draft-2014-7#ixzz39h6M6rRK

Edited by CanadianLoonie
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