Re: FinCEN Conducting 'Examinations' of Digital Currency Businesses

FinCEN has fined Ripple Labs and its subsidiary XRP II a combined $700,000 for "willful violations" of the Bank Secrecy Act (BSA). This is the beginning!
http://www.coindesk.com/fincen-fines-ripple-labs-700000-bank-secrecy-act/

And that's why now people that want to us the ripple system have to register their identity.

And if you don't? They lock your wallet? Omfg... They have now truly become Paypal 2.0. Ripple as a "protocol" is no more.