I have been mining and trading on BTC-E and other exchanges for years and used my personal savings to acquire cryptos and trading them in return. I do not even smoke or drink alcohol, let alone visit black markets, or launder money.
I am not american, did my KYC procedures whilst opening trading accounts on BTC-E (which was the first and only exchange to practice this that I know of, so much for the official version of non existing KYC procedures) wired money without neither trouble nor excessive charges, withdrawn coins without a hassle, requested and got assistance in a timely manner from the helpdesk also without notable issues, each of my transactions could be tracked to either mining or liquid funds of legitimate provenance. For years I appreciated the professionalism and -I can say- honesty of BTC-E contrary to what some people have been claiming, or pretend to be claiming (remains to be seen if they are telling the truth). And this for transactions that were in excess of $100k+.
Therefore:
- Do my trading activities on btc-e.com make me a criminal?
- Why would the US government sequester my hard earned assets left on accounts of the exchange, especially if they have no relation to the US and are not located on US soil? Sequestration happens in the absence of any legal proceedings due in this case, or no proceedings at all.
Furthermore, could the shutdown of BTC-E be perceived as a first attack against unregulated crypto markets by the US government and mega banks?
Behind this governmental heist against BTC-E there was a tactic; namely to smear one of the oldest exchanges to transvestite it into a den of thieves in the perception of the ignoramus in order not to raise questions about the overreach and the sheer arrogance of the US government. This was clearly completely unjustified (and to date I have to see any solid proof of this).
And just at the same time, the EU recently presented a report claiming that criminals lack the skill to use cryptocurrencies:
http://europeanmemoranda.cabinetoffice.gov.uk/files/2017/07/10977-17-ADD-2.pdf
This governmental robbery could be the first in the series, and do not be surprised if either other exchanges are closed this way around the world (which is an unacceptable act of piracy on the part of an organization which prides itself in being "the most virtuous democracy in the world") or made to become compliant by extracting huge taxes and fines on each transaction made there.
The real concern of the US behind the move seems to be a threat of cryptos to their emission profit relative to the US dollar. Cryptos act as a substitute of the world dollar, and such substitution is increasing as time goes on. The US attempts if not to abolish the BTC, but then try and get the lion share of the pie deriving from BTC emission and circulation, through any means available.
The idea from there could be to force a majority of exchanges to close down or reduce volumes in order to switch to more regulated exchanges, which will give the control to wallst banks and other big players in the financial industry for a number of reasons, boiling down to what currently happens to precious metals markets (gold and silver in particular): indeed replace all the actual bitcoin exchange activities by some paper based markets that will allow megabanks to crush prices whenever they reach key technical levels, which in turn will destroy the market the same way it happens with gold and silver while making parasite megabanks even more wealthy, thus perpetuating the current international financial scheme.
So, to end up this post, is there anyone right here trying to organize a class action against the US government on behalf of legitimate users? -If so, what are the conditions and where do I sign in?
