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2answers
50 views

How does the network decide the appropriate rate at which to create bitcoins?

In the debt based fiat system of currency currently being monopolized, the amount of money added into circulation can cause it to deflate or inflate in value. How does the network calculate the ...
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1answer
165 views

What states is Kraken doing business in

Is there a list of states that the kraken exchange is currently doing business in?
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0answers
71 views

Government seizure of Bitcoins [duplicate]

When a Bitcoin is seized by a government entity such as the U.S. and the Silk Road, what happens with the Bitcoins? If there are supposed to be only 21 million BTC and the confiscated ones are never ...
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1answer
272 views

What are the “Know Your Customer” challenges that Bitcoin faces?

Can anyone explain what KYC (Know Your Customer) regulations are "missing", tough or impossible to implement with Bitcoin? I will offer a bounty to the most detailed answer (However this question is ...
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2answers
680 views

What does the US government do with seized coins?

It was reported today that the US government shut down the web site Silk Road, where people bought and sold things (allegedly including illegal drugs) using Bitcoins. The operator was arrested, and ...
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1answer
216 views

Do private people mining or exchanging Bitcoin with Fiat fall under FINCEN's definition of “user”?

Fincen's March 2013 report defines: A user is a person that obtains virtual currency to purchase goods or services. An exchanger is a person engaged as a business in the exchange of virtual currency ...
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7answers
5k views

Do USA-based miners need to register with FinCEN?

As seen in recent news, FinCEN has issued a statement on its classification of virtual currencies: http://www.fincen.gov/statutes_regs/guidance/html/FIN-2013-G001.html Hypothetically suppose I mine ...
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5answers
468 views

What money transmission licences are relevant to Bitcoin?

Tradehill was shutdown for various regulation issues, including not having the required money transmission licenses. What were the money transmission licenses that were required? What other ...
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2answers
145 views

What is a brief summary of the ECB's report on virtual currency?

On 29th Oct 2012, the European Central Bank released this report on virtual currency. What is a summary of its comments on Bitcoin?