Speaking Personally …

Under the compulsion of formality, complex legal-administrative codes have no option but to make space for the future.

FinCEN’s crucial (and still incompletely digested) guidance note on virtual currencies, issued March 18, 2013, clarifies in a footnote (#2):

FinCEN’s regulations define “person” as “an individual, a corporation, a partnership, a trust or estate, a joint stock company, an association, a syndicate, joint venture, or other unincorporated organization or group, an Indian Tribe (as that term is defined in the Indian Gaming Regulatory Act), and all entities cognizable as legal personalities.”

There’s plenty of room already for almost anything to slither in. (Follow the DAO.)

3 thoughts on “Speaking Personally …

  1. at present bitcoins well under state control. Bitcoin Foundation, exchanges ect. all the same methods and tactics. as fed can print any amount of usd they can buy any amount of bitcoins, control price and unfortunately that will be the end of it, as a tool against state, not as financial instrument of course.

  2. Pingback: Quotable (#54) | Urban Future (2.1)

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