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Board Beginners & Help
Re: Dwolla - MtGox - USD
by
deadweasel
on 20/05/2013, 17:17:16 UTC
They can't shut down bitcoin so they'll try to go after the top exchanges!

I'm excited to see how this one plays out..

Actually, the exchange was not following the laws of the land.  There is nothing funny about this.  You break financial laws, you get your accounts frozen (unless you're 'too big to fail', which we aren't).

It's mostly a reflection of how poorly BTC business are run.  If a professional with business sense was running Gox, they would have updated the answers to those questions immediately upon hearing about FinCen regulation changes.

I'm paranoid, but even I know this is not 'attacking bitcoin'.  It's doing what they always do, enforcing draconian laws.

If business owners were more professional, this wouldn't happen.  Unfortunately, most business owners are not willing to take the risk on the volatile, infant, BETA, currency that is BTC.  There is a reason for this.