Mt. Gox Dwolla account frozen by DHS

Re:Mt. Gox Dwolla account frozen by DHS by stfu on Tuesday May 14, 2013 @07:38PM (#5709144)

For things like these Hawala systems are existing ( http://en.wikipedia.org/wiki/Hawala ). Really a great tool to cut out banks and government control in financial transactions. I wish this somewhat would find its way into the digital age.

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Re:Mt. Gox Dwolla account frozen by DHS by cynicalkane on Tuesday May 14, 2013 @09:57PM (#5709700)

Yes, and almost all Minneapolis banks will refuse to do business with the hawalas, and hawalas have to move money, and they are also subject to US regulations.

I'm not making up issues, you know. Inability to move money to Somalia is a real thing. Here's one link: http://www.startribune.com/local/minneapolis/136396028.html

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Re:Mt. Gox Dwolla account frozen by DHS by hendzen on Tuesday May 14, 2013 @08:38PM (#5709411)

Ripple [0] has some similarities to a digital Hawala system.

[0] - https://ripple.com/

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Re:Mt. Gox Dwolla account frozen by DHS by tixocloud on Wednesday May 15, 2013 @09:38AM (#5711831)

There doesn't seem to be any information about who's behind this? I can see OpenCoin Inc but their site seems to be down. HN effect at work perhaps?

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Re:Mt. Gox Dwolla account frozen by DHS by rfugger on Wednesday May 15, 2013 @10:27AM (#5712182)

Ripple is run by Jed McCaleb, founder of Mt.Gox, and Chris Larsen, founder of Prosper.com.

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Re:Mt. Gox Dwolla account frozen by DHS by junto on Wednesday May 15, 2013 @05:40AM (#5710979)

Interesting project. Has it got any traction?

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Re:Mt. Gox Dwolla account frozen by DHS by hippich on Wednesday May 15, 2013 @09:34AM (#5711805)

Bitcoin IS Hawala =) Just standardized and widespread.

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