Post
Topic
Board Altcoin Discussion
Re: FinCEN Conducting 'Examinations' of Digital Currency Businesses
by
mrvegad
on 07/05/2015, 14:14:50 UTC
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.
A email was sent out to ripple users saying they have to supply their personal info to use it. The US gov't wil do what it takes to kill/control crypto.