I was surprised to read that the US regulators feel they have jurisdiction to regulate bitcoin transactions. How can this be - is it just because there are BTC futures now?
more than that - the blockchain is global, reconciliation happens everywhere - and that doesn't mean that no country's laws apply to it, it means that ALL of them potentially do
Because fraud laws have no provision about them only being applicable to USD or any specific currency, plus there's the whole debacle of whether BTC is a security or a commodity, both of which fall under their own set of regulations.