Short-sighted, but it does ends up with them having a larger proportion of the pie, which I suppose makes them feel safer.
Actually, come to think of it, that is short-sighted, because if no one can compete straight with them, they'll be more likely to try sideways strategies. Not necessarily virtual currency, but something equally different.
With regards to the idea of them pulling out, where would they go? I'd say that the UK doesn't have such smothering laws, but then again I wasn't aware the USA did until 3 minutes ago.
Is there anywhere that it would be possible for them to go to? And if so, what (in)practicalities would be involved?
Actually, come to think of it, that is short-sighted, because if no one can compete straight with them, they'll be more likely to try sideways strategies. Not necessarily virtual currency, but something equally different.