This is bad for bitcoin. Very bad.
It shows that the US goverment is fed up with virtual currencies that can be used for money laundering. And bitcoin is even MORE anonymous than LR was.
I think this is a bad sign and bitcoin is in trouble.
Look at the trend:
- US govt freezes dwolla account of MtGox
- LR shut down by US govt
- OKPay announces it will stop working with bitcoin (US govt involved??)
That's three less ways you can exchange US dollars for bitcoin.
What comes next?
- US stops international bank wires to bitcoin exchanges
- US shuts down campbx and bitinstant
- US cracks down on local bitcoin sales through localbitcoins
- US companies are banned from accepting bitcoin as payment
Bitcoin crashes and goes away.
It shows that the US goverment is fed up with virtual currencies that can be used for money laundering. And bitcoin is even MORE anonymous than LR was.
I think this is a bad sign and bitcoin is in trouble.
Look at the trend:
- US govt freezes dwolla account of MtGox
- LR shut down by US govt
- OKPay announces it will stop working with bitcoin (US govt involved??)
That's three less ways you can exchange US dollars for bitcoin.
What comes next?
- US stops international bank wires to bitcoin exchanges
- US shuts down campbx and bitinstant
- US cracks down on local bitcoin sales through localbitcoins
- US companies are banned from accepting bitcoin as payment
Bitcoin crashes and goes away.
I see what you are doing, want cheap coins right?
No, I bought most of my coins at about $10 and I have plenty. I'd love for it to go back above $200 and higher, but I am seriously considering selling earlier if I see more bad news on the horizon from the US govt.
Like WackWilly said, yes, it's just concern for the future of bitcion. What bitcoin needs now is acceptance more than it needs fewer competitors.
Agree with you mate, They closed LR because cyber criminals were using it, they all know that bitcoins are getting used in deepweb and they have a eye on it.
Well it's important for Exchanges and Bitcoin companies to comply with regulation and we will be fine. it will be a struggle but we will come out on top.
The more of these shady exchange businesses get closed down the better. The government can't shut down bitcoin, and they can't stop some people from doing shady business with it (just like cash) but they can make the legitimate business act in a legal manner and this is a good thing.