Post
Topic
Board Bitcoin Discussion
Re: Unlicensed Exchangers
by
tbterryboy
on 29/08/2016, 21:10:30 UTC
Why do the people still use unlicensed exchangers like Kraken, Xapo, BTC-e, Okcoin, BTC China, Bitfinex and many others? All of them are out law and they can be closed anytime and your money lost...

This is only the most recent example but there are so many like: http://www.coindesk.com/men-plead-guilty-running-unlicensed-bitcoin-exchange/
This seems to be the number one way people are abusing bitcoin. Slowly these people are going to jail which is great for the real bitcoin community. Eventually unlicensed exchangers will be gone and only legit sellers will exist. It’s just a matter of time in my opinion.