Post
Topic
Board Speculation
Re: BTC-e legal problems?
by
Kenshin
on 04/02/2014, 02:06:29 UTC
It would be like if Argentina decided to ban MtGox.com. It would only affect argentinians.
Indeed, if Argentina wanted to move against BTC-E, likely nothing would happen. Russia, on the other hand, is a global power, and may have the power to affect action in the relevant jurisdictions.

If, for example, the US wanted to move against BTC-E, we could likely expect the domain to be seized in a relatively short amount of time.


I left BTC-E with the same reasoning. If BTC-E will be linked to terrorism, then Russia will turn this situation political. For instance they could actually use trade relations with Bulgaria to force them to cooperate with their demands.
I live in Estonia, a country where the ruling party likes to present itself as anti-russian. But they will mostly bend to Russian demands when trade relations are in question. If Bulgaria will get political pressure from Russia, then they won't think twice on feeding BTC-E to the wolves.

I repeat, that this all could be just FUD with Russian govt. having little interest to get BTC-E. But if they have real interest, then I think that there will be trouble.

I took all my funds out as soon as I heard this news on Reddit.  Smiley