Liberty Reserve shut down by Feds
-
-
I feel it is all part of the not so anonymous paper trail…
http://www.nytimes.com/2013/05/10/nyregion/eight-charged-in-45-million-global-cyber-bank-thefts.html?pagewanted=all&_r=0I suppose every crypto has a choice, opt for underground and shady or open yet regulated. I know which market will be bigger long term.
-
I know the Libertarians will jump all over me on this (which is fine, since I’m an Anarcho-capitalist w/ a slice of Libertarian myself)… but Liberty Reserve didn’t stand a chance in this current environment. Right or wrong, many of us saw this coming down the road a mile away. Personally, I’m not concerned on how it effects crypto currency. The overreaching arm of government? Well… that’s another conversation I save for sites like DailyPaul.
-
[quote name=“wesphily” post=“7635” timestamp=“1369781174”]
I met with justabitoftime about this. Liberty Reserve was a shady business to begin with. They did not require any identification at all. We have nothing to worry about.
[/quote]I agree… if you don’t require any identification at all, you are asking for trouble. I don’t think we have anything to worry about either.
-
FUD is cheap. Having a level head is what takes discipline.
Crypto exchanges et al must comply with banking regulations or face the consequences. I haven’t heard of any gov’t action against such entities in which they were in compliance of laws and regulations. Thus far.
The ones minding their Ps and Qs are left to conduct business. Seems fair to me.
