“With QuickBt, consumers are buying bitcoins and then transferring them to merchants. No harm, no real money exchange as traditionally defined, no sneaky financial trickery. It’s just business, and the Canadian regulators have said: it’s not our business. Meanwhile, just south of the border, regulators are putting the fear of government into every conceivable crypto-currency merchant. Congress is issuing warnings. The Financial Crimes Enforcement Network is exacting fees. The feds are driving services out of existence. It’s so bad that Bitcoin advocates are reduced to Stockholm-like begging: ‘Please regulate us as soon as possible.’”
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