Monthly Archives: May 2014

Regulations mulled for bitcoin

Posted: May 26, 2014 at 7:46 am

State regulators in Massachusetts and others around the country are taking a close look at virtual currencies as bitcoin continues to grow in popularity.

We will be trying to come up with a model law or regulations states can use, said David Cotney, commissioner of the Massachusetts Division of Banks and chairman of the Emerging Payments Task Force. This has gotten a lot of attention, and we want to make sure when we act, we get it right.

The task force is made up of nine state regulators from around the country, and will look at everything from bitcoin to mobile payments.

Last week though, the task force held a hearing on bitcoin and other virtual currencies, hearing testimony from bitcoin companies and regulators, include Barbara Anthony, undersecretary of the Massachusetts Office of Consumer Affairs and Business Regulation.

Anthony said one of the key issues is that average consumers may be interested in bitcoin, but are not aware of some of the risks.

Consumers and average consumers need to know that there are certain drawbacks to trading in a virtual currency, Anthony said. The kinds of consumer protections that were used to, people have to understand they are not available to virtual currencies.

Things consumers should be aware of about bitcoin, Anthony said, include volatile worth and the fact there is no central authority that guarantees bitcoins worth.

You could buy $100 worth of bitcoin right now and over a period of time that value is not going to be $100, Anthony said.

Cotney said he is not planning on implementing any regulations on bitcoin immediately, but could down the road.

We will certainly be looking at the efforts of this task force to help guide us, Cotney said.

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Regulations mulled for bitcoin

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Slowdive – Souvlaki Space Station (Live @ Village Underground, London, 19/05/14) – Video

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Slowdive - Souvlaki Space Station (Live @ Village Underground, London, 19/05/14)
Slowdive performing "Souvlaki Space Station" live at Village Underground, London on May 19th, 2014. All rights reserved to the artist. No copyright infringem...

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VVVVVV let’s play part 1 space station 1 – Video

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VVVVVV let #39;s play part 1 space station 1
hey guys new walkthrough thats right we have 3 walkthroughs being played at once.

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SLOWDIVE, SOUVAIAKI SPACE STATION @ VILLAGE UNDERGROUND LONDON 19 MAY 2014 HD – Video

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SLOWDIVE, SOUVAIAKI SPACE STATION @ VILLAGE UNDERGROUND LONDON 19 MAY 2014 HD
SLOWDIVE AT THE VILLAGE UNDERGROUND LONDON.

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Microgravity, the future of innovation – Ioana Cozmuta (SETITalks) – Video

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Microgravity, the future of innovation - Ioana Cozmuta (SETITalks)
Speaker: Ioana Cozmuta The International Space Station is a US taxpayers investment estimated at about $70 billion spent over 30 years (with an overall price tag of $100 billion by all member...

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Microgravity, the future of innovation - Ioana Cozmuta (SETITalks) - Video

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Skylab: The NASA Space Station – 1970s Educational Film – S88TV1 – Video

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Skylab: The NASA Space Station - 1970s Educational Film - S88TV1
Skylab was a space station launched and operated by NASA and was the United States #39; first space station. Skylab orbited the Earth from 1973 to 1979, and incl...

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NASA Administrator Charles Bolden Discusses Space Station Science [HD] – Video

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NASA Administrator Charles Bolden Discusses Space Station Science [HD]
NASA Administrator Bolden discusses the unique science accomplishments of the International Space Station (ISS) and plans for the future. Release Date: 21 Ma...

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NASA Administrator Charles Bolden Discusses Space Station Science [HD] - Video

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Flight International Space Station 22.05.2014 time 03.31 Poland – Video

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Flight International Space Station 22.05.2014 time 03.31 Poland
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Flight International Space Station over the Polish 23/05/2014 – 02.42 – Video

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Flight International Space Station over the Polish 23/05/2014 - 02.42
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Space Station Live: 3D Printing in Space #Nasa #Iss – Video

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Space Station Live: 3D Printing in Space #Nasa #Iss
NASA and Made in Space, Inc., are working to send a 3-D printer to the International Space Station. The 3-D printing in Zero-G technology demonstration exper...

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Space Station Live: 3D Printing in Space #Nasa #Iss - Video

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