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Insights: Did FinCEN Just Burst Bitcoin’s Bubble?
printBy Ross Delston, CAMS* When FinCEN issued its innocuously entitled guidance, "Application of FinCEN's Regulations to Persons Administering, Exchanging, or Using Virtual Currencies" on March 18, an already speculative currency may have received its death blow. More It's not as if the U.S. dollar and the euro are no longer the reserve currencies of choice or that the euro is seriously threatened by the breakup of the currency zone. And there's not exactly a paucity of ways to pay for online purchases, from PayPal to prepaid cards, or credit and debit cards. That leaves anonymity as the mark of distinction...
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The second installation of a two-part story on how the Bitcoin market is changing under the scrutiny of federal and state officials.