EFF Resumes Accepting Bitcoin Donations After Two Year Hiatus 93
hypnosec writes "The Electronic Frontier Foundation (EFF) has started accepting donations in the form of Bitcoins again after a two year hiatus, stating that the legal uncertainty hovering over the digital currency has all but disappeared. On their blog the EFF noted that a report from U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN), in addition to their own findings, 'have confirmed that, as a user of Bitcoin or any virtual currency, EFF itself is likely not subject to regulation.'"
Too late (Score:4, Interesting)
Pity they hadn't been collecting them for the past two years, and just saving them. They'd have made a mint!
Freedom currency (Score:0, Interesting)
They should rename it 'freedom currency', because as governments try to track and control the flow of money and decide who can spend what where, Bitcoin is about the only thing you can use with any certainty. Governments don't get to say which bitcoin can be sent to whom, and when they blocked Wikileaks donations, it showed we couldn't trust the financial banking system to stay free from extra-legal USA pressures.
P.S. I always said that SWIFT data the EU Commission handed to the USA would be used for political control, and when the US leaked it to UK and Australia marketed as 'anti-money laundering leaked data'*, it was no surprise to see that *no* rich and powerful US politicians were on the leak list, as if they'd been removed.
http://www.guardian.co.uk/uk/2013/apr/03/offshore-secrets-offshore-tax-haven
* A subset of the data was extracted related to tax havens, and leaked to the "Washington-based International Consortium of Investigative Journalists", the much larger dataset, including everyone else, lots of ordinary innocent people, was handed to the IRS, UK and Australia. A reach-around around the US Financial privacy act and a lot of criminal laws in Europe. See, it wasn't 'given' officially, it was 'leaked'. Do you see any criminal investigations into the leak of the financial records of billions of people in any of these countries? No. So they know where that data came from, and the journalists were patsies in marketing that data.