Re: "Sources said traders would have a hard time getting US dollars out of Mtgox"
This is not an attack on bitcoin, this is an attack on Mt. Gox being non-compliant with KYC/AML/Registrations requirements. DHS has seized Mt. Gox assets. They are not going to seize wire transfers from Mt. Gox to customer accounts, nor are they going to seize the assets of compliant exchanges. This episode just reiterates that bitcoin exchanges need to follow the letter of the law or the hammer is going to come down. It's a shame, really, since Mt. Gox has the cash to spend a few dollars hiring decent lawyers to ensure compliance.
Not speculating, but do not take this as a given. The feds do not put customers first. They can certainly seize incoming wires to customers, specifically for noncompliance issues, and have. Just ask UseMyWallet or eWalletXpress users. Or Full Tilt Poker players.
<-- this Free markets exist only within the confines of the overlord's definition of free.
ATM gox is rallying as people buy coins to withdraw. I follow campbx.com and others, and the sell offs continue to come in waves. Whatever the issue is with gox and any criminal/laundering behavior, expect the coin to be moved to other exchanges and sold off for fiat-->dwolla/ACH. For now its just a bump in the road for the bad guys.
As is customary, the legit users of the coin will suffer at the hands of the government. This follows the same logic of why my dear old mum gets the baby powder she applies under her boobs to prevent boob sweat checked by TSA. Some idiots like to blow shit up and money launder. My mum gets her tits examined by someone with a fourth grade education and a chip on their shoulder, and casual bitcoiners will be scrutinized because the gov't has no problems punishing the many to maybe catch a few.
How long before bx et al get the dwolla and possibly US banking banhammer?
tit sweat?? Is your mom the Tourettes Guy??
Lol 😁
I now abstain from powdering my boys to prevent unnecessary delays when flying. I will continue to buy, sell, and hold coin so long as it doesn't lead to secondary inspection of my wedding tackle when traveling by air.