Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Targeted By Latest FinCEN Ruling? – Implications Are Profound
by
Yankee (BitInstant)
on 17/02/2012, 01:39:43 UTC
Wether or not it is specifically targeting MtGox or not, it definitely still pertains and applies to them.

Fortunately for MtGox, they have operating under this assumption since they began doing business.

Keep trying FinCEN.....


I would like to hear mtgox's statement on this compliance effort and their candid position on anti-money laundering.

Trust me when I tell you this. When FinCEN comes knocking, MtGox will be most prepared.

Riiight, well guess what, I'm not going to give mtgox my ID, my photo, or any other info about my identity. If it's mandatory to provide such personal details I will not use mtgox, PERIOD.

Of course, thats your choice and no one will blame you for it.

I'm merely trying to point out, that although we may think were above the law- were not. If I'm a libertarian, revolutionary, ect.. I still must work in the confides of the law and be compliant.

It basically narrows down to this.

MtGox or No MtGox...actually, let me rephrase

Bitcoin or No Bitcoin

If we want MtGox (Which I do) and other exchanges to operate legally, we must operate legally ourselves