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A comment on Joint Statement Regarding the Insolvency of Mt. Gox. Parent comment

Re:Joint Statement Regarding the Insolvency of Mt. Gox by jey on Monday February 24, 2014 @10:26PM (#7295211)
Why must that require regulation? They're calling for a meme that informed actors probably wouldn't do business with exchanges that don't provide those "requirements".
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Re:Joint Statement Regarding the Insolvency of Mt. Gox by olefoo on Monday February 24, 2014 @10:34PM (#7295253)
That's regulations with a multilateral peer enforcement mechanism. Conveniently enough it serves as a barrier to entry to new competitors. So if you were wanting to start a bitcoin exchange, you may have missed the boat.
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Re:Joint Statement Regarding the Insolvency of Mt. Gox by dantheman on Tuesday February 25, 2014 @01:51AM (#7296087)
It's not regulation, it's best practices. You can choose to work with someoone who does them or not. Regulation takes that choice away.
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