Re:Liberty Reserve sealed indictment from US DOJ Southern Di...
by pyre on Tuesday May 28, 2013 @12:19PM
(#5780905)
Satoshi created Bitcoin, but did/does not operate a Bitcoin exchange, so far as we know. This prosecution is centered around LibertyReserve being a money transmitting business without registering/following guidelines (e.g. know your customer, etc).
Re:Liberty Reserve sealed indictment from US DOJ Southern Di...
by hexonexxon on Tuesday May 28, 2013 @12:53PM
(#5781098)
LR does not operate an exchange either, though I suspect exchangezone was run by them. Lr contracted that out much like how bitcoin (and soon ripple) have gateways into the system to buy in.
There will also be a mass bitcoin arrest eventually to crack down on everybody operating without an MSB, like extraditing Euro exchange operators who do biz with Americans. Because of decentralization Bitcoin will survive any crackdown