FinCEN Confirms Larger Interest In Bitcoin Companies After ...


Right now, Senator Tom Carper is giving an introduction into what bitcoin can be used to buy. He mentioned buying all goods but specifically spoke of drugs, weapons, and how it can be used to exploit children.
Carper mentioned how the silk road was taken down in a joint effort by the CIA, FBI and dept. of Homeland security.
BITCOIN TIP: public address- 1AkF4HaJrJzXVYuSxifwLUWNEwhbGv5sXu
3:10 EST: jennifer Shasky calvery- Treasury Department - Financial Crimes Mythili Ramen (head of the Dept. of Justic Crimnal Division) Edward Lowry- special agent in charge of criminal investigation division
3:13 EST - jennifer Shasky calvery statement. 'Recognizing new payment methods must keep pace with laws against money laundering and illegal money transfers. Users of virtual currencies don't have transaction limits, is secure, can be used for money laundering. Illicit actors use virtual currencies in order to launder money, enable drug trafficking and move child abuse forward.
For businesses, complying with Federal laws is good for the business integrity.
Bringing virtual currencies into regulation will be positive for the US financial system.
3:20 EST: Mythili Raman
Virtual currencies are viewed through the lens of crimnal activity. Criminals will always look for new ways to hide their crimes. The criminal division's main aim is to reduce the ability of criminals to use virtual currencies for illegal activity.
Virtual currencies (as long as the comply with laws) are not illegal. They can be convenient for consumers because they are quick. These same currencies can also be used by criminals for drugs, weapon sales, and child pornography.
In 2007 - EGOLD moved 6 million dollars per day which may have been used for sale of drugs and child pornograpgy
When virtual currencies fail to live up to their Financial Laws, the Justice division will come after them.
Silk road- the largest online marketplace for illegal substances accepts BITCOINs exclusively for payment. When silk road was shut down, the US sized upwards of 70 million dollars from the silk road website.
The US justice department is encouraged by virtual currencies reaching out to comply with FINCEN's laws. (Financial Crimes. Enforcement Network)
3:27 EST- Edward Lowry Digital currencies have continually grown over the past 17 years. Since Criminals and other illegal organizations use virtual currencies such as E-gold and Liberty reserve for illegal operations
As FINCEN emphasized, digital currency exchanges MUST comply with money laundering laws.
The secret service has successfully found and arrested leaders of illegal organizations whom use digital currencies to fund their activities.
Digital currencies are tools used by a wide variety of criminals. The secret service and ICE (immigration and customs enforcement) cooperate with FINCEN in order to find criminals who use virtual currencies for money laundering.
3:34 EST Sen. Tom Caper Asks about the early days of virtual currencies as well as what the future holds for future currencies.
3:35 EST- Jennifer Shasky Calvery When there is a new "player" in the currency industries, most people think about the gaps that will exist in the market and how criminals will use it for illegal activity. Moving forward with change is very important though, so regulation is necessary.
3:36 EST- Mythili Ramen Virtual currencies are not illegal as long as they comply with money laundering laws. The Criminal division needs to be vigilant towards virtual currencies in order to make sure they actively attempt to comply with laws.
3:38 EST -Edward Lowry The secret service's hallmark is to adopt their defenses to an ever changing threat.
3:39 EST- Sen. Tom Carper "what roll does the legislative body need in order to combat the dark side of this technology?"
3:41 EST - Edward Lowry Device fraud- today anyone in the world can reach anyone else in the world. This has changed how ICE and the secret service must combat illegal activity.
making his case for more money to his department
3:42 EST- Sen. Tom Carper - Can Law enforcement keep up with the changing technology?"
3:44 EST- Mythili Ramen Liberty reserve was taken down in a coordinated arrest done by the US branches joined with other governments. The ability of the criminal division is evolving just as much as criminal activity is evolving.
3:47 EST- jennifer Shasky calvery Congress passing the Bank secrecy act. in 2011, the justice dept needed flexibility in order to combat digital currencies. With the USA patriot act sec 311, gives FINCEN the authority to name a foreign entity as using money laundering, and thus cut off from the US market.
3:49 EST- Sen. Tom Carper - "Give examples of how virtual currencies have worked out for the good"
3:50 EST- jennifer Shasky calvery
Online banking and ACH (picture deposit) makes money exchange much easier for the consumer. But with each of these, we had to think about how criminals could exploit it.
3:52 EST- Sen. Tom Carper " Do you see gaps in our legislation regarding virtual currencies?"
3:53 EST- Edward Lowry
The secret service recognizes that the high level cyber criminals HAVE NOT moved towards P2P currencies such as bitcoin. Many high-level criminals use centralized online currencies based in places with less regulatory laws.
3:54 EST- Sen. Tom Carper "Which agencies need to be at the forefront of recognizing virtual currencies"
3:55 EST- Mythili Ramen The FBI, DEA, OFAC, IRS are necessary participators but are already participators. The National crime agency in the UK has also participated. The Criminal division invites any other entities for help in identifying emerging threats and what governments can do about them
Currently, the criminal statutes used thus far have been effective. The substantive criminal statute, murder statute, and money laundering statutes have already been used to prosecute criminals that use virtual currencies.
Many updates to laws can still be made.
3:59 EST- Sen. Tom Carper The JAO reports with the help of the IRS on "tax gap." 100's of millions of dollars in taxes that are owed to the treasury. The number is going down over the past 10 years
In may of this year, "virtual currencies could prevent a real vulnerability in the current system."
Question, "do you know the current guidance of that status?"
4:02 EST- Jennifer Shasky Calvery
FINCEN, once it collects financial data, disseminates the information to law enforcement. This is not only for taxes but also for evidence against criminals.
The JAO and FINCEN are working diligently to modify tax laws to incorporate virtual currencies.
The focus of FINCEN is to combat illegal use of virtual currencies while still within U.S laws. Conveniently, many of the laws are very flexible.
4:06 EST- Sen. Tom Carper After the SILK ROAD shut down, many have popped up in its place. "How do we combat these websites?"
4:07 EST- Edward Lowry
We believe there are 3 infrastructures in place. The SILK ROAD forums, the digital currencies (those which fall outside of the guidance of FINCEN), and "bulletproof hosting" -an organization that provides web hosting to anyone with servers in countries with little regulation.
4:09 EST- Mythili Ramen
The main problem is anonymity. The criminal division has created tools and strategies to combat this. (not said) but this is the TOR javascript exploit We have been successful in combating criminals who use anonymity to continue illegal activity.
4:10 EST- Sen. Tom Carper
Bitcoin and virtual currencies may move overseas to countries with less regulatory agencies. What can we do to combat this? How do we make business stay in the US?
4:12 EST-jennifer Shasky Calvery
Bitcoin is going to be a big player in the future of the exchange of goods and services. The financial action task force does a good job at making the countries around the world comply with regulatory laws.
4:15 EST - Mythili Ramen
This hearing is important for the law agencies because talking about these problems is not easy. Virtual currencies in of themselves are not illegal. Innovation is important. Just as criminals have done for ages, this is just another means for illegal activity. We need to stay vigilant in keeping pace with evolving virtual currencies.
4:17 EST- Edward Lowry The secret service will continue to work strategically to remove the gravest structures to the [US] infrastructure. We are going to have to adopt and jump over hurdles but we will work with foreign partners to make this happen. We will continue to work as a part of DHS to eliminate these threats. We believe that aggressive acts by law enforcement will benefit the world as a whole
4:18 EST-Jennifer Shasky Calvery
I heard a CEO of a fairly large bank say, "having the privilege to be a part of the financial industry comes with great responsibility. While innovation is a wonderful thing, it does come with obligations to become part of the US financial system. Regulation in place have help in minimizing the risk and the burden. We ask that businesses do this, put in place AML protections, register with FINCEN, maintain records (including suspicious reports)
We believe that these requests are reasonable because these currencies have already been used for illicit activity.
4:21 EST- Sen. Tom Carper
"This has been a thought provoking and encouraging discussion"
"It's not true We have to choose between a stronger economy and a clean environment"
"Is it possible to reap the benefits of this virtual currencies while still being able to clean up criminal activity?"
-RECESS- and change of panel
4:28 EST Introduction by Sen. Tom Carper Ernie Allen- Centre for missing & Exploited children Patrick Murck-General council of BITCOIN foundation Jerry Brito-Senior researcher of Technology at George Mason university. Jeremy Allaire- Circle Internet Financial CEO
4:30 EST- Ernie Allen Our goal is to bring people together to protect the digital economy while combating its misuse. We are excited for digital currencies to give "banking" to adults all over the world. Our concern today is the use of digital currencies in child pornography. Most countries have not added regulation to digital currencies.
Over the past year, I have consulted financial experts of this issue. Child pornography is being created and disseminated by using anatomizing technologies and virtual currencies.
Freedom hosting was shut down by law enforcement by penetrating a loophole in freedom hosting's servers which gave users identities away.
Most of the arrests of those using anonymous networks are of those who are misusing the network. Because of this, we believe that we are not catching the high-level criminals who are using these networks.
We can press for global cooperation to solve these problems. Digital currencies move from nation to nation.
We need to address the core problem which is internet anonymity. An environment in which child exploiters can thrive and not be caught should not be allowed.
Anonymity allows illegal activity, but also acts to give a voice to those against oppressive regimes.
4:39 EST- Patrick Murck There is no single bitcoin company that manages the value of bitcoin or the trade of bitcoins.
Bitcoin is like email for money. It is secure any completely transparent. Bitcoin can operate without 3rd parties.
Financial exclusion is a problem for the US. There is a rising tide of un-banked people within our borders. Bitcoin can help move people from a trapped economy to a globally connected economy.
Just like any currency, bitcoin can be used for illegal activity. It is no easier to commit crime with bitcoin then it is with any other currency.
Keeping the bitcoin network safe is all of out opportunity. When the SILK ROAD was shut down, the bitcoin community was excited.
Bitcoin is not some magical cloaking device that allows criminals free reign. The use of bitcoins is not un-regulated. The exchanges have a deep understanding of how to effectively allow users to trade bitcoin with fiat currencies.
Bitcoin exchanges- "If you give us clear rules, we will work to abide by them"
We would like to thank FINCEN to opening up the dialog about bitcoin. The bitcoin foundation looks forward to continuing in this dialog with the government and the public.
4:47 EST- Jeremy Allaire
As bitcoin moves into mainstream acceptance, it is important that governments fully understand how to include bitcoin into existing laws.
Bitcoin allows innovation in currency, exchange, and payment that many other currencies cannot offer. Much of our current infrastructure for finances has existed before the internet was invented.
It is a risk if the government doesn't support businesses that want to use bitcoins. Such businesses may be encouraged to move offshore.
The U.S. falls behind in this critical economic innovation. A bitcoin exchange in CHINA has become the single largest currency exchange in the world . We need to be open and evolving.
4:53 EST Jerry Brito
From facebook credit to world of warcraft gold, Virtual currencies are nothing new.
Prior to Bitcoins invention in 2009, all virtual currencies needed to be exchanged through an intermediary.
Emerging technologies allow great benefits but great risks. 3-d printers revolutionize personal creation, but also creation of guns.
While Bitcoin transactions don't need intermediaries, many exchanges can still convert government currency to bitcoins.
Criminals are more likely to use centralized currencies because they can lie about how much money has been moved. Currencies such the bitcoin infrastructure show every transaction that happens.
The U.S. could loose it's headstart on an emerging economy if it chooses to create strong regulatory laws.
4:59 EST- Sen. Tom Carper
"Where is the general agreement on the panel, and if not, how can we make agreement?"
5:00 EST- Ernie Allen There is clear agreement that we can't just ignore the misuse, and that the misuse jeopardizes the currency in the long run.
5:02 EST Patrick Murck
There is a real need to create on ramps into the traditional economic system. The biggest obstacle to that happening is the ability of businesses to get bank accounts in the current system, even a checking account.
If you have the word "bitcoin" anywhere around you, your file will be cast aside.
5:04 EST- Jeremy Allaire
Anonymity needs to be addressed in some way
submitted by hand_jibber to Bitcoin [link] [comments]

Bitcoin money laundering allegations: FinCEN director Jennifer Shasky Calvery — “Cash is probably still the best medium for laundering money.”

Bitcoin money laundering allegations: FinCEN director Jennifer Shasky Calvery — “Cash is probably still the best medium for laundering money.” submitted by IamAlso_u_grahvity to Bitcoin [link] [comments]

Bernanke never said that "Bitcoin may hold long-term promise", and other bitcoin quotes corrected with sources

During the course of my research, I made a collection of Bitcoin quotes that I could use in different publications.
Many "famous people bitcoin quotes" are false, misquoted and without sources. Using those quotes is bad for everyone.
The first, and most horribly fasle quote, is Bernanke's famous quote: "Bitoin may hold long-term promise, particularly if the innovations promote a faster, more secure and more efficient payment system.”
1) The quote is actually from Alan Blinder
2) The quote is from 1995
3) The quote has nothing to do with Bitcoin
This is the full quote:
Dear Senators: Thank you for your recent inquiry regarding virtual currencies. As you noted, virtual currencies have been receiving increased attention from U.S. authorities over the past several months.
Historically, virtual currencies have been viewed as a form of “electronic money” or area of payment system technology that has been evolving over the past 20 years. Over time, these types of innovations have received attention from Congress as well as U.S. regulators. For example, in 1995, the U.S. House of Representatives held hearings on “the future of money” at which early versions of virtual currencies and other innovations were discussed. Vice Chairman Alan Blinder’s testimony at that time made the key point that while these types of innovations may pose risks related to law enforcement and supervisory matters, there are also areas in which they may hold long-term promise, particularly if the innovations promote a faster, more secure and more efficient payment system.
Read more:
I know some of you already know that this quote is badly cited, but believe me it is being used by every journalist and "expert" out there (google Bernanke bitcoin quote, you'll se that I'm right).
EDIT: Bernanke is not paraphrasing Blinder in order to support a positive / negative opinion of Bitcoin. He quotes Blinder in the introduction of his letter as a way to show that monetary innovations was already a topic of interest back in 1995
There was another post with Bitcoin quotes from famous people here:
Many of these quotes were misquoted, false or without references. I took the liberty to create a legit quotes list with sources:
"I think Bitcoin is a techno tour de force." - Bill Gates, Founder of Microsoft Fox News, May 6, 2013 Original source:
“I gave a talk back in November of ‘99 on […] how encrypted money was going to change the world. I do think bitcoin is the first one of these that has the potential to do something like that. - Peter Thiel, Co-Founder of Paypal. Secondary source:
“It’s fascinating to watch what’s happened with Bitcoin. Congress has just been spending a week looking at it, they might bring some regulations, but I just hope that it will not stifle innovations of new tech novalties like Bitcoin” Sir Richard Branson, Novembre 22th 2013 Original source:
“I think the fact that within the Bitcoin universe an algorithm replaces the functions of [the government] … is actually pretty cool” Al Gore, former US vice president and winner of the Nobel Peace prize Secondary source:
“Virtual currency systems, so long as they comply with applicable anti money-laundering and money transmission laws and regulations are not inherently illegal and they can be appealing to consumers because they can provide cheap, efficient and convenient means to transfer currency.” Mythili Raman of the Department of Justice Criminal Division Original source:!65405E2A-CD8B-4B70-B8DD-9E7A19D05A61
“Bitcoin is the most important invention in the history of the world since the internet. Roger Ver, CEO of Original source:
“Three eras of currency: Commodity based, e.g. Gold., Politically based, e.g. Dollar, Math based, e.g. Bitcoin” Chris Dixon, Personal investor in technology startups Original source:
"Bitcoin is the beginning of something great: a currency without a government, something necessary and imperative.” - Nassim Nicholas Taleb, Ph.D statistician, author, and advisor to the IMF Original source:
"Bitcoin is going to be a big player in the future of the exchange of goods and services" Jennifer Shasky Calvery, the director of the Treasury Department’s Financial Crimes Enforcement Network Original source:
“The decision to bring virtual currency within the scope of our regulatory framework should be viewed by those who respect and obey the basic rule of law as a positive development for this sector. It recognizes the innovation virtual currencies provide, and the benefits they might offer society,” Jennifer Shasky Calvery, the director of the Treasury Department’s Financial Crimes Enforcement Network. Original source:
"A number of smart people both inside and outside of government view bitcoin as a major emerging issue that is deserving of our attention" - Senator Tom Carper (D) Original source:
“It [Bitcoin] is a huge, huge, huge deal […] it is gold 2.0” - Chamath Palihapitiya, venture capitalist and former Facebook executive Original source:
"Bitcoin may be the TCP/IP of money." - Paul Buchheit, Creator of Gmail
“We have elected to put our money and faith in a mathematical framework that is free of politics and human error.” - Tyler Winklevoss, Winklevoss Bitcoin Trust Original source:
submitted by FrancisPouliot to Bitcoin [link] [comments]

FinCEN logic effectively shuts down all Internet commerce. Heck, Doesn't it shut everyone down!?!

But, clearly, that’s not how the federal government sees things. If he doesn’t verify or have a way of knowing whether the owner of the bitcoins is the same person he’s sending the coins to, that’s a problem, says Faisal Islam, the director of compliance advisory services with Centra Payments Solutions, a company that advises corporations on financial compliance.
Combine this with:
Any person, whether or not licensed or required to be licensed, who engages as a business in accepting currency, or funds denominated in currency, and transmits the currency or funds, or the value of the currency or funds, by any means through a financial agency or institution, a Federal Reserve Bank or other facility of one or more Federal Reserve Banks, the Board of Governors of the Federal Reserve System, or both, or an electronic funds transfer network
31 CFR § 1010.100(ff)(5)(i)(A)
Now the reasoning here is that someone buying a Casascius bitcoin and having it shipped to some address may put Mike Caldwell in the position of "Transmitting value" from one person to another. After all, how can you prove the person paying is exactly the same as the person that ends up receiving the coin through the mail?
Jennifer Shasky Calvery, Director of FinCEN said in her testimony several times that FinCEN doesn't need to know if Bitcoin is a currency or a commodity or something else. That the fact that it has value is enough for them to regulate Bitcoin.
So if we are going to use their logic consistently, eBay without question must register as a Money Transmitting service. They clearly and unambiguously act as a facilitating third party in the exchange "value" between individuals and/or entities.
Do they comply with all Know Your Customer (KYC) processes? Does Amazon? Does NewEgg?
What about Walmart? When someone pays for a product at even the brick and mortar store, how can Walmart be sure that the person carrying out the product was exactly the same person that paid?
How can anyone exchange anything of "value" without complying fully by registering as Money Transmitters and collecting and filing full KYC reports with the government?
In this Christmas season, Financial crime and the transmission of value between parties without full KYC reports is literally out of control... Surely the government can jail everyone, and stop all Internet commerce, and all catalog sales, and put a stop to all of this facilitation of value between parties!
submitted by alanX to Bitcoin [link] [comments]

Some thoughts on Mercedes Kelly Tunstall's Testimony

We need, as a community, to take her testimony very seriously. There is a very specific vision being outlined here for virtual currencies that undermines just about everything the movement here has stood for, as well as the significant monetary investments made in bitcoin hitherto.
The fundamental insight guiding her testimony is the following:
The technological innovation behind the solution to the double spend problem is independent of the other features of bitcoin and other virtual currencies that make them attractive to libertarian sympathisers. Since it's the solution to the double spend problem that allows for direct exchange and lower transaction costs - one can take that solution and obtain its benefits, without any of the libertarian cruft, by implementing a bitcoin 2.0 (Tunstall refers to them as next generation virtual currencies). This 2.0 version will remove whatever aspects of the first version that are considered to undermine the existing regime (it's deflationary nature, semi-anonymity etc).
The encouraging other testimonies (particularly from Ms. Jennifer Shasky Calvery) notwithstanding - I fear there is a very strong chance that this will be the ultimate vision pursued by the powers that be. And if we don't take this possibility very seriously - then we will get completely blindsided.
What are the chances of such an approach being taken - and succeeding?
Starting with the first. Currently, I see the chances as high (but I would like to hear arguments to the contrary). Why? Tax. If theses hearing really clarified anything, then it's the fact that it's not so much the silk road's of the world that bother authorities, law enforcement seems confident at being able to keep a lid on that - it's the issue about taxation. How are governments going to collect tax on bitcoin transactions? And I didn't see any concrete answers in any of the testimonies on this issue (correct me if I'm wrong). Governments are self-interested entities and they will move to protect their interests - i.e. their revenue.
If, to solve this issue, they move to introduce a bitcoin 2.0 that more easily protects their revenue - how likely would it succeed? I also think it highly likely - at least, if they moved quickly. Going forward, I'm not so sure as the growing network effect of bitcoin adoption make it more difficult. But consider - if all the major banks and government agencies throw their weight behind a competing virtual currency - throw massive marketing and development budgets, while at the same time tightening the screws on bitcoin exchanges (with the banks and government agencies already seemingly doing this to some extent), I don't see how bitcoin could survive. The average joe will pick the currency that is the easiest to use.
What can we do to avoid this?
If we can demonstrate that taxation won't be significantly affected by bitcoin's existing structure then a large amount of wind will be taken out of the sails of those pushing for a 2.0 bitcoin. (I personally don't think that relying on the network effects of bitcoin adoption will be enough. The exchanges are too easy to squeeze.) We could get away with slipping into the mainstream what is an otherwise substantially libertarian protocol if we can just satisfy the government in this one respect.
But is this feasible? Can we make a convincing case that bitcoin won't allow anymore tax evasion than current systems? If not, what aspects of bitcoin could be retained? Is it the case that we would have to give up the degree of anonymity currently allowed by bitcoin? Is it worth it to give up anonymity if it means we get to slip in a deflationary currency into the mainstream?
I don't think I've said anything new here - but I really feel these questions have greater urgency now. What do we care about essentially?
1) Making money only? Then bitcoin 2.0 all the way.
2) Being able to avoid the strictures and regulations of governments (corrupt and repressive or otherwise?) - then bitcoin must preserve anonymity.
3) Usurping the federal reserve system that taxes us through inflation? Then we must protect the deflationary aspect of bitcoin.
We might have to admit to ourselves that we might not be able to achieve all three. But if we do admit this and realise that the powers that being are really worried about 2) right now - then we might get away with sneaking a victory for 3).
Note - you can find the written testimonies here:
submitted by grovulent to Bitcoin [link] [comments]

Reporte Semanal #2 Mayo 2015

Durante la última semana la moneda digital operó con mayor volumen que la semana anterior; con una tendencia a la alza, oscilando en rangos que fueron de máximos cercanos a USD 247.01 a mínimos de USD 227.01. Hoy el Bitcoin opera en USD 243.25.*NPNG6FbJK5u3FbyHThmWGw.png
Vemos una configuración “Hombro-Cabeza-Hombro” espejada entre el mínimo de 227 (H1-C1-H1) y otra en (H2-C2-H2). Si el precio no rompe la Resistencia de 247 o se mantiene el área de 244–246 (círculo azul) y revierte la tendencia, podríamos esperar que recorte hasta el área de 228–230 (círculo rojo).
Según los informes, Nasdaq OMX Group Inc está explorando cómo una solución basada en blockchain podría cambiar la forma en que las acciones se transfieren y se venden de forma manual.
La compañía esta analizando la tecnología en el Mercado privado Nasdaq, un mercado de capital lanzado en enero de 2014, que se establece para conectar las empresas privadas y los inversores globales, permitiendo a esta última adquirir acciones que eventualmente puede hacerse pública antes de que lo hagan.
El presidente ejecutivo de Nasdaq, Robert Greifeld, dijo a The Wall Street Journal:
"Utilizando el blockchain es una evolución natural para la gestión digital de títulos físicos."
Agregó que la tecnología tenía el potencial para "beneficiar no sólo a nuestros clientes, pero los mercados de capitales más amplios".
La compañía ha nombrado a Fredrik Voss, vicepresidente y jefe adjunto de los productos básicos, como su nuevo líder tecnológico del blockchain.
Nasdaq OMX Group, empresa propietaria y operadora de la bolsa de valores Nasdaq, es el último de explorar el espacio criptomoneda.
El Banco de inversión suizo UBS anunció la apertura de un laboratorio de investigación de la tecnología blockchain con sede en Londres para explorar la aplicación en la industria de servicios financieros el mes pasado.
Los banqueros de las finanzas tradicionales también han elogiado previamente la tecnología blockchain, destacando su potencial para transformar la industria.
El ejecutivo Blythe Masters Ex-JP Morgan Chase & Co se unio a la plataforma bitcoin de comercio digital Activos Holdings LLC como presidente ejecutivo en marzo. La compañía está desarrollando una solución basada en blockchain para la solución de las transferencias de valores y fondos.
El mercado de bitcoin Itbit basado en Nueva York ha cerrado una ronda de inversion de 25 millones de dólares en la Serie A.
La ronda contó con el apoyo de un grupo de fuentes existentes y nuevos, incluyendo RRE Ventures, Liberty City Ventures, e inversor Jay W Jordan II. Presidente Raptor Capital Management, James Pallotta también participó en la ronda.
ITbit confirmó además la adición de tres nuevos miembros a su junta directiva: el ex presidente Federal Deposit Insurance Corporation, Sheila Bair; el ex senador de Nueva Jersey Bill Bradley; y el ex presidente del Financial Accounting Standards Board (FASB) Robert Herz.
Los tres directores habían sido previamente vinculado a ITbit través de su aplicación licencia bancaria presentada en febrero, aunque el mes pasado la empresa se negó a confirmar su participación.
Tal vez lo más notable, sin embargo, ITbit reveló que ha recibido una carta del Departamento de Estado de Nueva York de Servicios Financieros (NYDFS). De acuerdo con declaraciones separadas del NYDFS, ITbit es la primera empresa de su tipo para recibir una carta compañía fiduciaria.
En un comunicado, el co-fundador y CEO de ITbit Charles Cascarilla dijeron que la aprobación da al mercado de bitcoin un amplio acceso a los clientes en Estados Unidos, y agregó:
"La aprobación regulatoria de la NYDFS nos permite servir como custodio de los activos de nuestros clientes y ampliar nuestros servicios a clientes de Estados Unidos - el mayor mercado de Bitcoin en el mundo - y nos permite hacerlo con el más alto nivel de la atención proporcionada por cualquier empresa bitcoin ".
ITbit dijo que los recursos de clientes denominados en dólares se llevarán a cabo en las cuentas aseguradas por la FDIC, aunque la compañía se negó a nombrar a su socio bancario.
En sus propias palabras, el NYDFS reveló que ITbit solicitó una carta en virtud de procesos de negocio de moneda digital de la agencia en febrero de este año, después de lo cual se sometió a lo que calificó como un "examen riguroso" de sus normas de cumplimiento y seguridad cibernética.
Como resultado, ITbit ha surgido como uno de los mercados Bitcoin más regulado por Estados Unidos, un punto también subrayado por la agencia.
El NYDFS explicó:
"Como una compañía de fideicomiso con propósito limitado certificado con poderes fiduciarios en virtud de la ley de bancos, ITbit puede comenzar a funcionar inmediatamente y está sujeta a la supervisión permanente por la NYDFS."
El superintendente Benjamin M Lawsky señaló en un comunicado que Bitcoin y las implementaciones similares "podrían en última instancia, mantener la promesa real" como tecnologías financieras, pero se hizo eco de los comentarios anteriores al afirmar que se necesitan normas para proteger a los clientes.
La adición de Bair, Bradley y Herz ITbit añadió peso financiero y político, ya que pretende aumentar su cuota de mercado en los EE.UU. en un mercado bitcoin incipiente.
Bradley, por ejemplo, que antes actuaba como Senador de Nueva Jersey entre 1979 y 1997 - trabajando en el Comité de Finanzas del Senado - y luego se postuló a la presidencia durante las primarias demócratas 2000.
En un comunicado, Bradley expresó su apoyo a bitcoin, comenzando: "Bitcoin tiene el potencial de transformar el mundo de las finanzas como la conocemos hoy en día."
Bair se desempeñó como presidente de la FDIC entre 2006 y 2011, un período que incluyó el pánico financiero de 2008 y la crisis económica posterior. Desde entonces, ha sido miembro de la junta directiva de varias empresas y organizaciones, como el gigante bancario español Banco Santander que se incorporó en 2014.
Herz, un antiguo socio para PricewaterhouseCooper, fue nombrado presidente del FASB en 2002.
La directora de la red de Delitos Financieros de los EEUU (FinCEN), Jennifer Shasky Calvery, dijo durante un discurso hoy que su agencia está en el proceso de investigación de las empresas en el ecosistema de la moneda digital.
Calvery dio el discurso de apertura durante el primer día del foro Anti-Lavado de Dinero en San Francisco de la costa oeste de 2015. FinCEN más tarde publicó el texto de su discurso, que reconoció que "una serie de exámenes de control de las empresas de la industria de la moneda virtual" había comenzado.
El anuncio se produce un día después de que FinCEN, en conjunto con la Oficina del Fiscal de Estados Unidos en el Distrito Norte de California, anunció que había alcanzado un acuerdo con Ripple Labs sobre violaciones de la Ley de Secreto Bancario. Como parte del acuerdo, la Ripple Labs y una subsidiaria acordó pagar $ 700.000 y facilitar una supervisión más estricta de la red Ripple.
En sus palabras, Calvery sugirió que el proceso podría dar lugar a acciones de aplicación futuros, señalando:
"Trabajando en estrecha colaboración con nuestros examinadores BSA delegadas en el Servicio de Rentas Internas (IRS), FinCEN ha lanzado recientemente una serie de exámenes de control de las empresas de la industria de la moneda virtual."
Calvery dijo esta supervisión ayudará a FinCEN a determinar que “mercados de divisas virtuales" están cumpliendo con sus obligaciones.
"Cuando identificamos problemas, vamos a utilizar nuestras autoridades de supervisión y de aplicación para sancionar debidamente el incumplimiento e impulsar mejoras de cumplimiento", continuó.
El director FinCEN también se refirió a la resolución con Ripple, con eco en algunas de las observaciones ofrecidsd por la agencia cuando se anunció el acuerdo de ayer.
En ese momento, ella dijo que "la innovación es loable", pero observó cómo los negocios de divisas digitales en los EE.UU. deben cumplir con las leyes federales.
La Secretaría de Desarrollo Económico de la Isla de Man anunció hoy sus planes para poner a prueba el primer proyecto blockchain administrado por el gobierno.
Utilizando créditos del protocolo de prueba de participación, desarrollado por Pitia un startup local, el departamento va a crear un registro de empresas de divisas digitales que funcionan en la isla.
Brian Donegan, responsable de las operaciones para el desarrollo digital y el comercio electrónico en el Departamento de Desarrollo Económico, dijo a CoinDesk que el proyecto marcó un paso hacia el uso de la tecnología blockchain dentro del gobierno, aunque subrayó que seguía siendo una "prueba técnica experimental".
"Lo que en realidad estamos viendo es una importante iniciativa en la parte posterior de la obra que la Isla de Man ha estado haciendo con criptomonedas ... Nosotros somos los primeros en hacer esto, pero vamos a estar evaluando todo a medida que avanzamos."
Los Crypto-negocios que vienen a la isla embargo, requerirán la aprobación de la Comisión de Supervisión Financiera, el regulador del departamento.
Sin embargo, Donegan dijo que era "muy posible" la Comisión implementaría un juicio propio.
"Nos gustaría anticipar que en una fecha posterior a la que la Comisión de Supervisión Financiera hará su propio registro dedicado ... es muy posible que tal vez quiera tener su propio blockchain.”
Nick Williamson, director general de Pitia, el startup detrás de Créditos, dijo a CoinDesk que el movimiento destacó el "uso más amplio" de la tecnología blockchain por sobre las monedas digitales. Y agregó:
"Han habido mucho que hablar en los últimos cuatro o cinco años sobre una cosa iba a ser capaz de pasar en el futuro, pero tenemos que mostrar el potencial y demostrar que puede ser un esfuerzo sin fricción. Creo que este un buen primer paso ".
El Departamento de Desarrollo Económico utilizará un modelo personalizado de prueba de la participación en el protocolo de Créditos para asegurar su registro.
Williamson explicó la red estará tripulado por tres "validar" los nodos dentro del departamento, aunque cualquier persona puede descargar su cliente.
"Cada vez que dos de esos nodos están de acuerdo en un bloque, entonces ese bloque será parte de la blockchain. Cualquiera que se conecta a la red puede auditar y descargar el blockchain. Será interesante ver cómo muchos de ellos se conectan una vez que esté en funcionamiento , "él dijo.
La ventaja de utilizar el modelo de consenso de crédito, en contra de a prueba de trabajo bitcoin, por ejemplo, es que "sólo paga por las transacciones que realmente suceden", más que el mantenimiento de la red, agregó Williamson.
Incluyendo Pitia, hay 25 empresas de divisas digitales actualmente basados ​​en la Isla de Man.
Abril vio la introducción de leyes de la lucha contra el lavado de dinero (ALD) que requieren que todas estas empresas recopilen información de identificación y reportar actividades sospechosas a las autoridades.
La Comisión de Supervisión Financiera se encargará de supervisar los asuntos AML después de que la legislación reciba la sanción real en el Reino Unido, que Donegan espera que ocurra "en el próximo par de meses".
Y agregó:
"La Isla de Man es inflexible en sus próximas regulaciones que quiere proteger al consumidor y mantener la delincuencia fuera. Estamos muy interesados ​​en utilizar tantos mecanismos, pruebas y ensayos técnicos que ayuden a que el objetivo a largo plazo."
Mientras hay indicios de la participación del gobierno en América Central y Hong Kong, la Isla de Man es la primera nación de precisar sus colores al mástil de bitcoin.
El Departamento del juicio de Desarrollo Económico está configurado para iniciarse de forma privada la próxima semana, con un lanzamiento público espera a finales de este mes.
Compra Bitcoin pagando en tu moneda, obtenelos en menos de una hora! Ya puedes comprar Bitcoin al mejor precio de mercado utilizando las nuevas sucursales de en Buenos Aires y Santiago de Chile . Acércate con tu código personal BITEX y tu DNI, Cédula o Pasaporte y en menos de una hora tienes el saldo acreditado en tu cuenta para comprar bitcoin.
Nos pueden encontrar en:
Visita ¿Qué es es un mercado de compra y venta de Bitcoin lider en Latino America. La plataforma permite operar bitcoin de manera profesional contra dolares americanos. Cuenta con una robusta red financiera que permite a los usuarios operar casi desde cualquier país del mundo sin restricciones.
¿Queres aprender sobre bitcoin? Estamos lanzando un nuevo espacio educativo sobre el bitcoin de una manera simple y amistosa. Si tienes dudas o quieres aportar de alguna manera nos podes contactar en cualquier momento.
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Reporte Semanal #1 Mayo 2015

Durante la última semana la moneda digital operó poco volumen; sin una tendencia clara y osciló en rangos que fueron de máximos cercanos a USD 241.99 a mínimos de USD 221.81. Hoy el Bitcoin opera en USD 232.92.
Luego de una suba de casi USD 21; vuelve a configure un recorte que se manifiesta hasta el momento en dos swings a la baja desde el máximo alcanzado el 4 de Mayo. Si continua la tendencia, podríamos esperar otros dos swings a la baja, si no llegara a perforar los USD 214 probablemente pueda revertir la tendencia bajista. Si el volumen acompaña el cambio de tendencia podríamos registrar nuevos máximos superadores de ésta semana (por encima de USD 242); hay que seguir de cerca el RSI que sigue sin una tendencia definida.
FinCEN, The Financial Crimes Enforcement Network (FinCEN) ha multado a Ripple Labs y a su filial XRP II por un total de $ 700,000 por "violaciones intencionales" de la Ley de Secreto Bancario (BSA).
De acuerdo con un comunicado de prensa del 05 de mayo emitido por el regulador estadounidense, Ripple laboratorios no pudo registrarse como una empresa de servicios monetarios (MSB) con el FinCEN antes de vender XRP, un contador digital que se utiliza para liquidar los pagos en la red Ripple. Además, se dice que la compañía no han podido poner en práctica procedimientos adecuados contra el lavado de dinero (AML) concurrentes con sus responsabilidades como MSB.
Del mismo modo, se dice que su filial, XRP II, actuo ilegalmente como MSB sin un programa ALD efectivo,al no informar "varias" transacciones de naturaleza sospechosa.
El grueso de las violaciónes de ambas compañías parecen haber tenido lugar entre 2013 y principios de 2014.
Cabe destacar que el acuerdo entre Ripple Labs, su filial y la FinCEN también ha tenido lugar al mismo tiempo que el acuerdo entre las empresas y la Oficina del Fiscal de Estados Unidos en el Distrito Norte de California.
Ripple y XRP II acordaron pagar $ 450.000 y resolver "posibles cargos criminales" en el marco de dicha investigación.
La directora del FinCEN Jennifer Shasky Calvery dijo en un comunicado que el evento debe servir como un recordatorio a todas las empresas estadounidenses que facilitan el intercambio de monedas digitales:
"La innovación es loable, pero sólo en la medida que no exponga injustificadamente nuestro sistema financiero a los criminales de la tecnología."
Ripple Labs y XRP II han acordado una serie de condiciones para resolver los inconvenientes tanto con el FinCEN como la Oficina del Fiscal de EE.UU., incluyendo "medidas correctivas mejoradas" destinadas a reforzar sus programas de monitoreo.
Los asentamientos dictan que "ciertas mejoras" en el Protocolo Ripple deben tener lugar "para monitorear adecuadamente todas las transacciones futuras".
La compañía acordó además auditorías de cumplimiento bianuales hasta 2020.
Ripple responde:
La portavoz de la compañía Monica Long trató de enmarcar la decisión como una tribulación que puede venir con la construcción de una empresa en un campo emergente.
Ripple laboratorios no cree que se haya participado voluntariamente en actividades delictivas, y agregó que la empresa no ha sido procesada por ninguna de sus acciones.
Long añadido:
"Ripple es la tecnología de infraestructura para los bancos para construir redes de pago conformes. El acuerdo anunciado hoy no limita nuestra capacidad de ejecución en esas integraciones bancarias."
La cooperación del Gobierno
Los documentos proporcionados por el Departamento de Justicia (DOJ) van a detallar las consideraciones hechas durante el proceso de acuerdo con Ripple Labs y los factores que la llevaron a abandonar sus cargos criminales.
Entre los factores citados por el Departamento de Justicia eran lo que la agencia llama "una amplia cooperación" de Ripple con el gobierno, su compromiso con la mejora de los controles internos y su promesa a seguir cooperando en cuestiones de futuro preocupación.
En caso de que Ripple labs viole el acuerdo, contará con 30 días para responder a las acusaciones impuestas por el Departamento de Justicia antes de tomar acción.
Cuestiones Subsidiarias
La participación de la filial Ripple laboratorios XRP II se debe en gran parte debido a su uso como un mecanismo para la compañía de vender XRP "a varios terceros sobre una base al por mayor". La compañía llevó a cabo la venta de XRP antes de registrar como un MSB, que tuvo lugar el 4 de septiembre de 2013.
La compañía también logró desarrollar e implementar una política de la LMA escrita hasta el 26 de septiembre de ese año, mientras se opera sin un oficial de cumplimiento hasta "finales de enero de 2014". De acuerdo con el FinCEN, XRP II tenía "controles internos inadecuados" para garantizar el cumplimiento del BSA y no llevó a cabo una evaluación de riesgos de AML antes de marzo de 2014.
"XRP II no llevó a cabo la capacitación en su programa de ALD hasta casi un año después de comenzar a participar en las ventas de moneda virtual, y para entonces Ripple laboratorios era consciente de una investigación penal federal", dice el documento, lo que sugiere que la empresa no realizó una revisión independiente de su programa AML durante el mismo período.
El documento del FinCEN esbozó tres transacciones que muestran cómo XRP II no presentó informes de actividades sospechosas (ROS) a pesar de estar obligado a hacerlo.
El acuerdo oficial de solución se puede encontrar a continuación:
Western Union: "demasiado temprano" para discutir el proyecto piloto de Ripple laboratorios.
Western Union ha respondido formalmente a las declaraciones que sugieren que está dando pasos concretos hacia el uso de ledger technology distribuidos a través de una asociación con Ripple Labs.
Long ha citado como una tecnología que podría permitir que más pagos transfronterizos sean rentables, Western Union tiene lo que es tal vez uno de los intereses creados más evidentes en la exploración de las ofrendas monetarias digitales.
Aún así, los representantes de la empresa con sede en Colorado permanecen con los labios apretados sobre el proyecto propuesto con Ripple laboratorios supondría.
Un portavoz dijo CoinDesk:
"Hemos tenido conversaciones preliminares con Ripple en relación con un proyecto de asentamientos piloto, pero es demasiado pronto para discutir los detalles en este momento."
La revelación sugiere Western Union puede estar buscando usar un sistema como Ripple para mover pagos fiat entre los clientes de una manera similar a Align Comercio, que utiliza el blockchain bitcoin como medio para efectuar el pago a través de fronteras, donde se han intercambiado a nivel local.
En otros lugares, las compañías prominentes que trabajan en los pagos transfronterizos incluyen BitPesa de Kenia y startup Beam con sede en Ghana, cada uno de ellos se centra en la promoción de la tecnología en mercados selectos de África.
Bitcoin podría impactar en uniones de crédito, según un informe de Stan Higgins Las cooperativas de crédito algún día podrian encontrar algunas de sus funciones básicas replicadas por bitcoin, sugiere un nuevo informe.
Según Mercator Advisory Group, una consultora global para la industria de pagos, tal evolución solo ocuriria si la volatilidad del mercado se frenase y los mecanismos de seguridad se desarrollen aún más.
El informe, titulado Comprender las implicaciones de Bitcoin para uniones de crédito, sirve principalmente como un vehículo para la comprensión de los fundamentos del bitcoin y su libro de contabilidad distribuida, la blockchain.
No fue sino hasta la última página del informe donde se expone las implicaciones de la tecnología en las cooperativas de crédito, señalando:
"Suponiendo que la volatilidad del bitcoin bajase considerablemente a lo que se considera normal para las monedas, y que los problemas de seguridad alrededor de la mejor manera de asegurar las claves privadas se resuelvan, pudemos ver la proliferación de una serie de nuevos servicios financieros respaldados por bitcoin, muchos de los cuales son directamente asociados a los negocios principales de las cooperativas de crédito hoy en día ".
Mercator postula que las cooperativas de crédito que atienden principalmente el mercado de remesas podrían beneficiarse al trabajar con intercambios Bitcoin, nombrando CoinX y Coinbase específicamente, a "explorar la posibilidad de ofrecer un producto de remesas internacional competitiva para sus clientes".
Sin embargo, el informe no llega a decir que las cooperativas de crédito deben saltar la oportunidad de integrar el bitcoin. Según Mercator, los beneficios de operar carteras bitcoin de los clientes no pueden ser mayores que los costos de asegurar dicha participación suficiente.
Tracción Mainstream
El informe afirma que el uso primario del bitcoin es comprar y vender de forma especulativa y, como consecuencia, "es poco probable que se encuentre muchos adeptos entre la corriente más amplia de los titulares de cuentas de CU".
Mercator también se pregunta si el Bitcoin puede ser usado como vehículo para los pagos de los consumidores, y como reemplazo de tarjetas de crédito y débito en particular.
Mercator cierra el informe reconociendo el probable impacto que la criptomoneda tendrá sobre los servicios financieros, y agregó que el impacto exacto es difícil de prever en este momento.
"Predecir cuáles serán exactamente estas implicaciones, sin embargo, seria como tratar de comprender el significado de la Internet en 1995 - estos son los primeros días todavía ", concluye el informe.
La start-up de servicios financieros Circle Internet Financial ha cerrado una ronda de financiación de $ 50 millones.
La compañía con sede en Boston atrajo el apoyo de Goldman Sachs y IDG Capital Partners con sede en China, así como todos los de la piscina del Círcculo de los inversores existentes, incluyendo Breyer de Capital, General Catalyst Partners y Accel Partners.
Tom Jessop, director gerente de Inversiones del Principal Grupo Estratégico de Goldman Sachs, dijo que el banco reconoce la necesidad de invertir en empresas que "tienen la promesa de transformar los mercados globales a través de la innovación técnica."
Jessop ha añadido:
"Creemos que la visión de productos de Circle y el equipo de gestión excepcional presentan una oportunidad convincente en el espacio de los pagos digitales."
Quan Zhou, director general de IDG Capital Partners y miembro de la junta de Círcle, dijo que China, en particular, será un foco importante para la empresa, ya que pretende internacionalizar aún más sus servicios.
"Estamos muy entusiasmados con nuestra inversión y esperamos poder ayudar a poner en marcha la empresa en el mercado chino, donde la adopción de consumo de productos de pago digitales innovadoras está creciendo a un ritmo tremendo", dijo.
Círcle también ha anunciado el lanzamiento de nuevas características en las cuentas que permiten a los clientes, mantener, enviar y recibir dólares. Esos fondos, según la compañía, serán asegurados por la Federal Deposit Insurance Corporation.
La noticia llega tras los informes de esta semana que Círcle buscaba recaudar hasta 40 millones de dólares en nuevos fondos.
Nueva funciónes esbozadas
Las nuevas características de la cuenta de la compañía significan los usuarios pueden mantener sus fondos tanto en bitcoin como en USD.
Los clientes que opten por mantener sus fondos en dólares en lugar de bitcoin todavía pueden hacer pagos a personas o comerciantes que acepten bitcoin. En el momento del pago, Círcle instantáneamente convertirá los fondos de dólares en bitcoin.
Además, los clientes pueden aceptar los pagos en bitcoin y Círcle convertirá los fondos al instante en dólares en sus cuentas del círcle, si así lo desean. Los que prefieran mantener sus fondos en bitcoin pueden hacerlo, explico el CEO Jeremy Allaire en una entrevista.
"Estamos proponiendo este modelo de moneda fiduciaria digital híbrida, que ofrece a los usuarios los beneficios de la moneda digital - asentamientos instantáneos, la interoperabilidad global, sin comisiones y los altos niveles de seguridad - pero sin tener que utilizar una nueva moneda", dijo Allaire.
"Este modelo híbrido permite a los clientes tener todos los beneficios de la moneda digital, sin los riesgos."
Allaire pasó a explicar que un usuario puede agregar dólares a su cuenta de Círcle de forma gratuita a través de una transferencia bancaria, a continuación, cuando quieren pagar a otro usuario de Círcle, pueden hacerlo en un instante, si el pago está denominado en bitcoin o dólares.
La compañía está lanzando las características USD gradualmente, lanzándolas en las cuentas de los clientes seleccionados y añadiendo otros nuevos cada semana.
Perspectiva internacional
Allaire dijo que el siguiente paso de Circle es agregar más monedas a la plataforma. Él explicó:
"Queremos traer estos beneficios de bitcoin a todas las principales monedas en el mundo, incluso el Reino Unido, Europa y China."
Compra Bitcoin pagando en tu moneda, obtenelos en menos de una hora! Ya puedes comprar Bitcoin al mejor precio de mercado utilizando las nuevas sucursales de en Buenos Aires y Santiago de Chile . Acércate con tu código personal BITEX y tu DNI, Cédula o Pasaporte y en menos de una hora tienes el saldo acreditado en tu cuenta para comprar bitcoin.
Nos pueden encontrar en:
Visita ¿Qué es es un mercado de compra y venta de Bitcoin lider en Latino America. La plataforma permite operar bitcoin de manera profesional contra dolares americanos. Cuenta con una robusta red financiera que permite a los usuarios operar casi desde cualquier país del mundo sin restricciones.
¿Queres aprender sobre bitcoin? Estamos lanzando un nuevo espacio educativo sobre el bitcoin de una manera simple y amistosa. Si tienes dudas o quieres aportar de alguna manera nos podes contactar en cualquier momento.
Visitanos! Mercado regional de compra y venta de Bitcoin. Podes comprar Bitcoin al mejor precio y desde tu casa! Share this post
Blog de © 2015
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Comment on the senate and today

Yesterday, the Senate Committee on Homeland Security and Governmental Affairs held a hearing on the potential risks, threats and promises of virtual currencies. Later today, a Senate Banking Committee will hold a similar hearing. The focus is on Bitcoin, a virtual currency that operates completely outside of U.S. financial regulations and protections. Critics argue the current lack of oversight offers anonymity to those hoping to skirt U.S. laws, but others say it’s a frontier in electronic commerce with important consumer benefits. Diane and her guests talk about Bitcoin and the future of virtual currencies.
Jennifer Shasky Calvery director, Financial Crimes Enforcement Network, U.S. Treasury Department James Freis attorney, Cleary, Gottleib, Steen and Hamilton specializing in financial regulatory and enforcement issues. Jamila Trindle senior reporter, Foreign Policy Magazine Jon Matonis executive director, Bitcoin Foundation

Francois Velde senior economist, Federal Reserve Bank of Chicago

I note that than one of the guests represents the Federal Reserve. How ironic. A secretive private entity that is above public scrutiny and feels unencumbered by legislative oversight and produces money out of thin air is complaining about another secretive entity that is outside public scrutiny producing money out of thin air. To further add to the irony, will anyone have the guts to forthrightly ask the representative from the Financial Crimes Enforcement Network how many of the "banksters" that crashed the economy have been brought up against charges and prosecuted? How about those at the credit rating agencies that gave high marks to inherently worthless financial instruments that they didn't understand - how many have been prosecuted? Let's be honest, the US Government has failed in being a proper steward of the traditional financial/monetary system. A clear case of the pot calling the kettle black.
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Entidades Reguladoras Veem Valor No Bitcoin, E Investidores Se Apressam Em Concordar.

A moeda virtual bitcoin deu um grande passo em direção a sua popularização nesta segunda-feira quando as autoridades federais sinalizaram sua disposição de aceitá-la como uma alternativa de pagamento legítimo. Um número de funcionários federais disse em uma audiência no Senado que essas redes financeiras ofereceram benefícios reais para o sistema financeiro, assim como eles reconheceram que as novas formas de dinheiro digitais haviam fornecido caminhos para a lavagem de dinheiro e atividades ilegais.
"Há muitas oportunidades para as moedas digitais operarem dentro das leis e regulamentos existentes", disse Edward Lowery, um agente especial do Serviço Secreto, que é encarregado de proteger a integridade do dólar. Sinais de que o governo não iria se colocar no caminho do desenvolvimento do bitcoin, mesmo que ele venha reprimindo as redes criminosas que usam o dinheiro digital, alimentou uma forte recuperação no preço do cripto-moeda.
Na segunda-feira à noite, o valor de uma unidade de bitcoin explodiu ultrapassando 700 dólares em algumas trocas. Esse excepcional montante de bitcoins - que é criado por uma rede de usuários que resolvem problemas matemáticos complexos - agora vale mais de US $ 7 bilhões. A audiência do Senado nesta segunda-feira à tarde, foi uma indicação mais clara do desejo do governo de lidar com as consequências deste crescimento, e o reconhecimento de que o bitcoin e outras redes semelhantes podem se tornar peças mais duradouras e importantes do cenário financeiro.
"A decisão de trazer a moeda virtual dentro do escopo do nosso quadro regulamentar deve ser visto por aqueles que respeitam e obedecem aos fundamentos básicos da lei como um desenvolvimento positivo para o setor", disse Jennifer Shasky Calvery, o diretor do Departamento de Execução de Crimes Financeiros do Tesouro. "Ele reconhece a inovação que moedas virtuais fornecem, e os benefícios que elas podem oferecer." Ms. Shasky Calvery e os outros funcionários na audiência disseram que ainda havia questões básicas a serem respondidas sobre moedas virtuais, incluindo se elas realmente podem ser consideradas moedas ou se são mais corretamente classificados como bens ou valores mobiliários. A distinção vai determinar quais agências regularam as redes e como elas serão tratadas sob a lei fiscal.
Ms. Shasky Calvery disse que a Receita Federal estava "trabalhando ativamente" em suas próprias regras para o bitcoin.
A audiência seguiu outras medidas menos visíveis tomadas pelos reguladores e legisladores para trazer o dinheiro digital ao mainstream monetário.
O principal regulador financeiro do Estado de Nova York, Benjamin M. Lawsky, disse na semana passada que ele iria realizar uma audiência para considerar a criação de um BitLicense para fornecer mais fiscalização para as transações. Mais cedo, a Comissão Federal Eleitoral expôs um aviso indicando que bitcoin pode ser legalmente aceitos como doações políticas.
O conselheiro geral da Fundação Bitcoin, uma organização sem fins lucrativos que defende a moeda, disse em seu depoimento na segunda-feira que ele estava recebendo uma resposta muito mais amigável do governo e do setor financeiro.
"Nós recentemente percebemos uma melhora acentuada no tom e ênfase tomada por ambos os funcionários do Estado e executivos de banco", disse o conselheiro-geral, Patrick Murck, disse.
Bitcoin tem experimentado uma ascensão notável desde que foi criado em 2009 por um programador anônimo ou coletivo conhecido como Satoshi Nakamoto. O dinheiro, que não está vinculado a qualquer moeda nacional, tem sido popular com tecnófilos que são céticos dos bancos centrais do mundo. Apenas uma quantidade finita de bitcoin será criada - 21 milhões de unidades. Os usuários alavancaram os preços pelas casas de câmbio pela Internet, apostando que a moeda será mais amplamente utilizada no futuro.
Há questões importantes sobre a sabedoria de usar o dinheiro digital como um investimento, uma vez que bitcoin não possui valor intrínseco e provou ser vulnerável a hackers. Muitos gestores de fundos têm recomendado aos investidores inexperientes para permanecerem longe.
Recentemente, porém, o bitcoin tem pegando fogo em todo o mundo, com trocas na China particularmente ativas. Um número crescente de investidores americanos proeminentes também compraram participações, incluindo Michael Novogratz, diretor da gigante Fortress Investment Group¹, assim como os gêmeos Winklevoss, Cameron e Tyler.
A participação cada vez mais generalizada do bitcoin deslocou a atenção para longe dos empreendimentos criminosos que usaram o dinheiro digital, mas era um foco na audiência do Senado.
No mês passado, o mercado on-line Silk Road, onde o Bitcoin é a principal forma de pagamento, foi fechado e seu fundador preso depois que as autoridades o acusaram de ser usado para comprar e vender drogas, armas e pornografia. O presidente da comissão do Senado, Thomas R. Carper, democrata de Delaware, disse que poucos dias depois da prisão, um site semelhante surgiu.
"Pode ser mais difícil de rastrear os criminosos que usam o Bitcoin", policiais disseram na audiência, "porque operam através das fronteiras internacionais e muitas vezes não usam instituições financeiras estabelecidas que reportem as transações”.
Mas Mythili Raman, um procurador-geral adjunto do Departamento de Justiça, também disse que, porque cada transação de bitcoin era gravada em um registro público, foi possível aos investigadores rastrear a movimentação de dinheiro entre contas.
"Não é, de fato, anônimo. Não está imune a investigação", disse Raman.
Todos os funcionários na audiência disseram que crimes tinham sido um problema durante os primeiros dias de cartões de crédito e sistemas de pagamento online como o PayPal, e não deve ser uma razão para limitar a inovação.
"É nosso dever, como aplicadores da lei de permanecermos vigilantes, reconhecendo que há muitos usuários legítimos desses serviços", disse Raman.
Os defensores do bitcoin que testemunharam na audiência disseram que o bitcoin pode trazer grandes mudanças para o sistema financeiro por cortar os intermediários necessários para movimentar o dinheiro em todo o mundo. "Estou aqui para testemunhar porque eu acredito que a moeda digital global representa uma das inovações técnicas e econômicas mais importantes do nosso tempo", disse Jeremy Allaire, presidente-executivo do Círculo Internet Financial, que está tentando promover uma utilização mais difundida da moeda.
Dado o apelo do bitcoin aos céticos do governo, muitos aficionados têm sido cautelosos com envolvimento de Washington. Mas os defensores na audiência disseram que a crescente cooperação com as entidades reguladoras poderiam lançar as bases para um maior crescimento.
"À medida que essa tecnologia se desloca de pioneiros para a aceitação popular, é fundamental em minha opinião, que os governos federais e estaduais estabeleçam políticas em torno da moeda digital", disse Allaire.
Traduzido por Sarah Alexandre
Uma versão desse artigo aparece na impressão de 19/11/2013, na página B1 da edição do NewYork com o título: “Regulators See Value in Bitcoin, And Investors Hasten to Agree” Texto original em:
submitted by sa_rah to BrasilBitcoin [link] [comments]

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REMARKS OF JENNIFER SHASKY CALVERY, DIRECTOR, FINANCIAL CRIMES ENFORCEMENT NETWORK. 20130613.pdf 239.9 KB. THE VIRTUAL ECONOMY: POTENTIAL, PERPLEXITIES AND PROMISES UNITED STATES INSTITUTE OF PEACE. WASHINGTON, DC. June 13, 2013. Good afternoon. It is a pleasure to be joining you at this event to discuss the potential, perplexities, and promises of the virtual economy. I would like to thank ... Jennifer Shasky Calvery: Well, first and foremost if they’re an MSB under our rules, they need to register with FinCEN and that’s step one, and we’ve had several bitcoin businesses register ... CoinDesk: How does FinCEN research the bitcoin industry and keep track of developments with the technology? FinCEN Director Jennifer Shasky Calvery: So, let me start historically, we can go even a little wider with virtual currency. I think we first really started thinking about virtual currency ... Jennifer Shasky Calvary, Director of Financial Crimes Enforcement Network (FinCEN), recently revealed that the watchdog and enforcement agency is actively examining the regulatory compliance of ... Bitcoin is a distributed, worldwide, decentralized digital money … Press J to jump to the feed. Press question mark to learn the rest of the keyboard shortcuts. r/Bitcoin. log in sign up. User account menu. 25. Prepared remarks of Jennifer Shasky Calvary, FinCEN Director, at ACAMS conference. Close. 25. Posted by. u/Gobitcoin. 5 years ago. Archived. Prepared remarks of Jennifer Shasky ...

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G20 Leaders: Crypto is 'no risk to the financial system'.

Jennifer Shasky Calvery, Global Head of Financial Crime Threat Mitigation (FCTM) at the global bank, HSBC, encouraged fraud examiners to embrace change durin... Bitcoin: Beyond The Bubble - Full Documentary - Duration: 35:01. ... Interview with Jennifer Shasky Calvery, HSBC's Head of Financial Crime Threat Mitigation - Duration: 4:36. The Banker 2,747 ... Panelists: Jane Lute - Former Deputy Secretary, Homeland Security, United States Rick McDonell - Executive Secretary Financial Action Task Force (FATF) Jennifer Shasky Calvery - Director of the ... Ms. Jennifer Shasky Calvery [view testimony] Director Financial Crimes Enforcement Network Mr. David Cotney [view testimony] Commissioner of Banks Massachusetts Division of Banks Panel 2 Mr ... Could Bitcoin-or another cryptocurrency-become a universal alternative currency? Will we ever be able to use a cryptocurrency at our local bodega? Jennifer Shasky Calvery Director, Financial ...