Re: GAW / Josh Garza discussion. Paycoin XPY CoinStand Mineral. ALWAYS MAKE MONEY :)

Mullick, are you/Cryptsy aware that Garza has been dumping hundreds of thousands of xpy on your exchange? And more importantly do you care?

We have filed all the paperwork we are legally required to about such transactions. It would be illegal for us to stop them

And yes we care. Which is why we wanted to stop at least one prime node from dumping its coins

Im not the person to talk to about those type of legal matters though. Thats another department

Not only is it not illegal, but it is encouraged to stop trading activities of those suspect of laundering coins.

mullick you can't BS me, i've spoken to Fincen a number of times personally (completely outside of this debacle). Coinbase shuts down accounts all the time, even shut down Josh's because of suspicious activity.

Side note to anyone here, what the heck kind of a vote does a PC give exactly? I keep seeing this "one vote", but what is it a vote of?

Perhaps i shouldnt have commented on that as im not an AML master.

My understanding of how it works is companies are not supposed to stop the activity unless they are on the OFAC list. We are supposed to monitor and report.

You don't HAVE to shut down accounts for it, but it can be encouraged. Especially if there is a high level of suspicious activity.

Do you know the story of Charlie Shrem? He's in jail now because his company shut down an account who was suspected of illegal activity (happens to be he was in fact a drug dealer and laundering money). Charlie went behind the other executives and not only told him to continue using them but also how to avoid triggers in the future (as the compliance officer).

I know this isn't a 1 to 1 comparison, but it shows that yes you can shut down accounts for suspicious activity.