Post
Topic
Board Service Discussion
Re: CoinLab suing MtGox for $75 milliion?
by
tumak
on 03/05/2013, 15:46:00 UTC
Other theory:

http://fincen.gov/statutes_regs/guidance/html/FIN-2013-G001.html

Under some interpretation, Coinlab would have to pay $15M to get the govt license. They don't have that kind of capital, at least officially.

The deal was made just before fincen "guidance".

Premise: Uncle sam forcing MtGox/Coinlab to comply with financial regulations (simplistically said, pay up huge sum to be a bank, otherwise you'll end up like e-gold). This lawsuit is the the consequence (passing the sucker bag).

Source:
http://p.gw.gd/view/e4f5a9dd
http://bitcoin.stackexchange.com/questions/3757/what-is-the-story-behind-mtgox-and-their-french-bank/3856#3856 (same story, but europe)