Aussie MtGox processor Technocash hit in Liberty Reserve case

Discussion in 'Digital Currencies' started by bunyip, May 29, 2013.

  1. bunyip

    bunyip New Member

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    bunyip, May 29, 2013
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  2. RetardedMonkey

    RetardedMonkey Active Member Silver Stacker

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    We'll see.
     
    RetardedMonkey, May 29, 2013
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  3. goldpelican

    goldpelican Administrator Staff Member

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    Hmm can a foreign government demand to seize assets of an Australian company? Or are the funds in transit and just in custodial possession?

    Wonder if this is the modus operandi moving forward to counter Bitcoin - go after anyone offering conversion to fiat.
     
    goldpelican, May 29, 2013
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  4. goldpelican

    goldpelican Administrator Staff Member

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    http://en.wikipedia.org/wiki/Liberty_Reserve

    A little outside of their jurisdiction huh? Non-US citizen, non-US company, arrested outside of US based on a US indictment, being extradited to the US to face US charges.
     
    goldpelican, May 29, 2013
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  5. RetardedMonkey

    RetardedMonkey Active Member Silver Stacker

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    A lot of Bitcoin services and exchanges are based out of Russia.

    Good luck getting Russia to bend over to America's Patriot Act!
     
    RetardedMonkey, May 29, 2013
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  6. RetardedMonkey

    RetardedMonkey Active Member Silver Stacker

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    Though, if this kind of stuff is going to start happening, I wonder what will happen to services like 'BitInnovate'. They're who I cash out through at the moment.

    They're essentially money laundering in American Government eyes.
     
    RetardedMonkey, May 29, 2013
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  7. goldpelican

    goldpelican Administrator Staff Member

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    Wonder how this sort of news would impact the business plans and strategies of anyone in the process of setting up new exchanges.
     
    goldpelican, May 29, 2013
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  8. 2ds

    2ds New Member

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    They'll do it in places without extradition treaties to the US -_-
     
    2ds, May 29, 2013
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  9. bunyip

    bunyip New Member

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    Well, now unable to withdraw funds from MtGox, It was cheaper than using bit innovate.

    US attorney stated
    sounds a bit like a tentacle to me, and sounds like they were not lying when their agent signed up with the account name "tostealeverything"
    :lol:
     
    bunyip, May 30, 2013
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  10. long88

    long88 Member

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    US is forcing everyone to accept its toxic USD , any other alternative will be culled.. a lot of forex trader i know is being cut off from their account and have half of their acc confiscated as well...
     
    long88, May 30, 2013
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  11. goldpelican

    goldpelican Administrator Staff Member

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    Huh?
     
    goldpelican, May 30, 2013
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