Quote from: billyjoeallen on June 26, 2011, 04:18:26 AM

JARED- YOU NEED TO READ THIS NOW!

http://www.smh.com.au/business/economists-shortchange-the-benefits-of-capital-controls-20110624-1gjnb.html

This article was written by the former finance minister of Chile. it is in favor of capital controls and alludes to the development of the IMF's changing position on capital controls. They very well may be laying the ground work for complete government regulation of all private money flows into or out of Chile. I know that's where your servers are. If capital controls are implemented, they could very well shut down you entire exchange. Worst case scenario they nationalize (steal) everything.

We'll look in to this a lot more. Our servers (and funds / wallets) aren't actually located in Chile, just management and customer service. We do have some CLP in Chilean banks but that market hasn't really picked up that much yet. The current president is actually from the right (first since the revolution more than 20 years ago). People might be surprised with how Chile is in reality compared to how it's portrayed in film / TV etc. Chile also has really strong ties to the United States which can be a very good or very bad thing. There are a lot of good reasons to be in Chile and a lot of good reasons to leave. We're considering all options and if this continues to prove to be viable we may make a move.

I think this is huge news for everyone if they're involved with Bitcoins or not. Thanks for the link.