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Keyword: currencyinflation

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  • US Begins Regulating BitCoin, Will Apply "Money Laundering" Rules To Virtual Transactions

    03/21/2013 8:23:52 PM PDT · by 2ndDivisionVet · 13 replies
    Zero Hedge ^ | March 21, 2013 | Tyler Durden
    Last November, in an act of sheer monetary desperation, the ECB issued an exhaustive, and quite ridiculous, pamphlet titled "Virtual Currency Schemes" in which it mocked and warned about the "ponziness" of such electronic currencies as BitCoin. Why a central bank would stoop so "low" to even acknowledge what no "self-respecting" (sic) PhD-clad economist would even discuss, drunk and slurring, at cocktail parties, remains a mystery to this day. However, that it did so over fears the official artificial currency of the insolvent continent, the EUR, may be becoming even more "ponzi" than the BitCoins the ECB was warning about,...