Mt. Gox is just the beginning. | Bitcointalksearch.org

k3t3r

full member

Activity: 183

Merit: 100

Quote from: SEC agent on May 18, 2013, 09:30:28 PM

Quote from: evilscoop on May 18, 2013, 09:27:33 PM

sooo mtgox "free trade" should be legal :p

MtGox has had plenty of time and opportunity to operate within the law.

Wasn't the FinCen guidance which changed the definition of bitcoin to be considered a currency thereby changing gox's role to that of an MSB only published in April. and then the warrant was issued... what, like 3 weeks later?. plenty of time, really?

k3t3r

full member

Activity: 183

Merit: 100

Quote from: SEC agent on May 17, 2013, 07:14:14 PM

Mt.Gox will get shut down. They have attracted the attention of government organizations across the world, and their failure to comply with international law will stand no longer...

...

Which international law did they fail to comply with?

SEC agent

member

Activity: 98

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America, land of the free

That sounds like a brilliant idea.

evilscoop

sr. member

Activity: 350

Merit: 250

bored now, please go away or ill replace you with a very small shell script

SEC agent

member

Activity: 98

Merit: 10

America, land of the free

Quote from: evilscoop on May 18, 2013, 09:27:33 PM

sooo mtgox "free trade" should be legal :p

MtGox has had plenty of time and opportunity to operate within the law.

SEC agent

member

Activity: 98

Merit: 10

America, land of the free

Get in line.

niko

hero member

Activity: 756

Merit: 501

There is more to Bitcoin than bitcoins.

Quote from: SEC agent on May 17, 2013, 07:14:14 PM

You have been forewarned.

You have been ignored.

evilscoop

sr. member

Activity: 350

Merit: 250

sooo mtgox "free trade" should be legal :p

seriously you yanks do make me giggle

SEC agent

member

Activity: 98

Merit: 10

America, land of the free

Quote from: evilscoop on May 18, 2013, 09:00:23 PM

sorry but us thinks everyone is a terrorist....

The US does whatever is necessary to protect its citizens and interests.

Quote from: QuestionAuthority on May 18, 2013, 09:04:24 PM

Well, if it my money that's paying, make sure you torture those nasty terrorists like you did at Abu Ghraib for me.

Torture is a violation of international law, as per the Geneva Conventions. I'm sure you mean "enhanced interrogation", which is not illegal.

QuestionAuthority

legendary

Activity: 2156

Merit: 1393

You lead and I'll watch you walk away.

Quote from: SEC agent on May 18, 2013, 08:58:09 PM

Quote from: QuestionAuthority on May 18, 2013, 08:47:56 PM

So, are you full of shit at no extra cost or are my tax dollars paying for that too?

Your tax dollars are being used to prevent criminal organizations and terrorists from laundering money across the globe.

Well, if it my money that's paying, make sure you torture those nasty terrorists like you did at Abu Ghraib for me.

evilscoop

sr. member

Activity: 350

Merit: 250

sorry but us thinks everyone is a terrorist....

SEC agent

member

Activity: 98

Merit: 10

America, land of the free

Quote from: QuestionAuthority on May 18, 2013, 08:47:56 PM

So, are you full of shit at no extra cost or are my tax dollars paying for that too?

Your tax dollars are being used to prevent criminal organizations and terrorists from laundering money across the globe.

QuestionAuthority

legendary

Activity: 2156

Merit: 1393

You lead and I'll watch you walk away.

Quote from: SEC agent on May 18, 2013, 08:43:36 PM

Quote from: notme on May 18, 2013, 05:09:18 PM

You make it sound like regulations are purposefully difficult to comply with.

No, it's simply a side effect of dealing with finances internationally. You have to comply with your own countries laws as well as the laws in any country you are dealing with. FATF/UNODC/IMF recommendations need to be taken into consideration as well.

So, are you full of shit at no extra cost or are my tax dollars paying for that too?

SEC agent

member

Activity: 98

Merit: 10

America, land of the free

Quote from: notme on May 18, 2013, 05:09:18 PM

You make it sound like regulations are purposefully difficult to comply with.

No, it's simply a side effect of dealing with finances internationally. You have to comply with your own countries laws as well as the laws in any country you are dealing with. FATF/UNODC/IMF recommendations need to be taken into consideration as well.

BitcoinAuthor

newbie

Activity: 42

Merit: 0

Quote from: Pale Phoenix on May 18, 2013, 02:26:32 PM

Quote from: BitcoinAuthor on May 18, 2013, 01:26:01 PM

The largest exchange not being on US Soil is bad for the Government. What's not in the US can't be controlled.

Unfortunately, that's no longer true, thanks to Mutual Legal Assistance Treaties. Here's the one between the U.S. and Japan: http://www.mofa.go.jp/region/n-america/us/treaty0308.html

I'm not implying that the U.S. will pursue Gox in Japan for failure to register with FinCen, but the mechanism is in place should they choose to.

As in controlling Bitcoin. Stoping it from becoming the dominant world currency. If the dollar stops being the world reserve currency, the US is screwed. No more printing money to pay for wars!

notme

legendary

Activity: 1904

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Quote from: SEC agent on May 18, 2013, 04:10:03 PM

Quote from: notme on May 17, 2013, 08:08:23 PM

And what about the US based exchanges with the proper licenses?

As long as the exchanges are complying with all of the laws and regulations in all of the countries they do business in, and are paying all of the appropriate taxes, there is no problem. Of course, this is easier said than done, and will require things like full and proper identification of all of their clients, and reporting of any suspicious activity to the proper authorities.

You make it sound like regulations are purposefully difficult to comply with.

SEC agent

member

Activity: 98

Merit: 10

America, land of the free

Quote from: notme on May 17, 2013, 08:08:23 PM

And what about the US based exchanges with the proper licenses?

As long as the exchanges are complying with all of the laws and regulations in all of the countries they do business in, and are paying all of the appropriate taxes, there is no problem. Of course, this is easier said than done, and will require things like full and proper identification of all of their clients, and reporting of any suspicious activity to the proper authorities.

Pale Phoenix

sr. member

Activity: 420

Merit: 250

Quote from: BitcoinAuthor on May 18, 2013, 01:26:01 PM

The largest exchange not being on US Soil is bad for the Government. What's not in the US can't be controlled.

Unfortunately, that's no longer true, thanks to Mutual Legal Assistance Treaties. Here's the one between the U.S. and Japan: http://www.mofa.go.jp/region/n-america/us/treaty0308.html

I'm not implying that the U.S. will pursue Gox in Japan for failure to register with FinCen, but the mechanism is in place should they choose to.

Pale Phoenix

sr. member

Activity: 420

Merit: 250

Quote from: Sir Lagsalot on May 18, 2013, 01:56:10 PM

The SEC is really getting it together! They've advanced from browsing porn [SFW] to trolling internet forums. Another few years and they might even start investigating big banks and other insiders.

+1

Moebius327

hero member

Activity: 770

Merit: 500

Quote from: Miz4r on May 17, 2013, 07:17:26 PM

*Fastest ignore ever*

You can ignore this guy as much as you like, but I am still waiting for my frozen € at bitcoin-24.com (biggest EU exchange)

Topic: Mt. Gox is just the beginning. (Read 4060 times)