In reply to ozlanthos.

I believe what is in question is regulation for businesses who wish to transact in bitcoin, not to limit transaction between private individuals. Between individuals it would be like exchanging cash for the 1851 Scotch, except easier to track. As near as I know no one has tried to crack down on the exchange of bitcoin among individual citizens, which seems impossible given it's just a bunch of addressess and passwords...which is why regulation is needed to play with the big boys. You can't have 'faceless' money streamining into normal commerce.