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Daily diary of what's happening with Bitcoin.
A post on Bitcoin Money blog (@BitcoinMoney) describes a session at an upcoming conference in which regulators, bankers and anti-money laundering specialists will be discussing our favorite digital currency. Excerpts:
“One of the conference sessions under the Trends in Technology track, titled New Trends in e-Payment Methods: Understanding the Virtual Customer, will let attendees: ‘Analyze financial crime trends and vulnerabilities in credit cards, Bitcoin and pre-paid cards, especially in developing countries’.
“Why might Bitcoin be getting addressed explicitly this year? There have been no laws passed addressing Bitcoin or digital currency in general even nor have regulators given any guidance for dealing with Bitcoins.”
“These delegates are the lieutenants for the old guard. They help assert control so that we have no choice but to continue suffering through price increases as currencies around the world are debased. They maintain the control which ensures that we are tied to a system that rewards its loyal customers with $30 overdraft fees, 30% interest rates and $3 million bonuses for the executives”.
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