Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
billyjoeallen
on 29/01/2014, 02:38:40 UTC
The Feds want to seize the MtGox funds of Silk Road users

They already did that, didn't they?  http://www.theverge.com/2013/8/23/4651926/us-government-seized-5-million-from-bitcoin-behemoth-mt-gox

In any case, MtGOX is a Japanese company, so transferring Yen to Japanese banks is obviously much easier and faster than sending them to other countries.

For the same reason, they can be sued by a wronged Japanese client in Japan far more easily and cheaply than by a foreigner located in another country.

yes and no. They seized those funds under the pretext that Mt. Gox didn't register as a licensed money transmitter even though there was no clear guidance that such a license was necessary at the time. The real reason was I believe because they wanted to put the squeeze on Mark to pressure him to aid in their Silk Road investigation.  These kinds of ham-fisted police tactics are common and it's we, the honest law-abiding users who get caught in the crossfire.