Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32857. (Read 26706802 times)
July 23, 2013, 08:01:36 PM
July 23, 2013, 07:08:45 PM
"Team America: World Police"
Somebody's got to do it...while the rest of the world rides the fence and begs the US for handouts. Everybody "hates" America but you all love our mighty dollar.
July 23, 2013, 07:01:30 PM
July 23, 2013, 06:52:44 PM
July 23, 2013, 06:34:40 PM
"Team America: World Police"
July 23, 2013, 06:01:27 PM
July 23, 2013, 05:28:51 PM
What do you mean by "business itself is in US"? What part of US was Liberty Reserve in?
Proably the US did something illegal. The USA has no jurisdiction outside of its own territory and US laws only apply within its own borders.LOL, try telling that to Viktor Bout
A Russian who was entrapped by the FBI in Thailand and suddenly he finds himself in prison in the USA.
http://en.wikipedia.org/wiki/Viktor_Bout
http://www.victorbout.com/
Currently doing 25 years in NY.
July 23, 2013, 05:19:25 PM
LOL@everyone moving coins to Bitsamp. Keeping money on any exchange not registered, or seeking registration, with Fincen is idiotic at this point. Any business intentionally or knowingly offering services to US citizens is subject to laws there.
Only if the business itself is in the US because US laws do not apply anywhere outside the US.
What do you mean by "business itself is in US"? What part of US was Liberty Reserve in?
Costa Rica
Pura Vida Mae!
July 23, 2013, 05:09:00 PM
US is quite powerful. We have this couple dealing steroids. US wants them, but Slovenia and US don't have agreement.
http://www.justice.gov/dea/divisions/bos/2013/bos053113a.shtml
We will see what will happen, but all this is not very positive for bitcoin train.
http://www.justice.gov/dea/divisions/bos/2013/bos053113a.shtml
We will see what will happen, but all this is not very positive for bitcoin train.
July 23, 2013, 05:03:27 PM
US laws can apply wherever the US decides they will (barring constitutional restriction). What they may not have is the ability to enforce those laws depending on treaties and extradition agreements. And you'd better be careful about setting foot on American soil ever again.
c.f. http://en.wikipedia.org/wiki/United_States_v._ElcomSoft_and_Sklyarov
c.f. http://en.wikipedia.org/wiki/United_States_v._ElcomSoft_and_Sklyarov
I wasn't aware of the ElcomSoft / Dmitry Sklyarov case - interesting stuff. They're a well known software company in the 'computer forensics' industry.
July 23, 2013, 05:01:21 PM
July 23, 2013, 04:58:31 PM
What do you mean by "business itself is in US"? What part of US was Liberty Reserve in?
Proably the US did something illegal. The USA has no jurisdiction outside of its own territory and US laws only apply within its own borders.LOL, try telling that to Viktor Bout
A Russian who was entrapped by the FBI in Thailand and suddenly he finds himself in prison in the USA.
http://en.wikipedia.org/wiki/Viktor_Bout
http://www.victorbout.com/
Currently doing 25 years in NY.
+1
The point is, US makes shit happen given enough interest. Good to have contingency plans.
July 23, 2013, 04:53:21 PM
What do you mean by "business itself is in US"? What part of US was Liberty Reserve in?
Proably the US did something illegal. The USA has no jurisdiction outside of its own territory and US laws only apply within its own borders.LOL, try telling that to Viktor Bout
A Russian who was entrapped by the FBI in Thailand and suddenly he finds himself in prison in the USA.
http://en.wikipedia.org/wiki/Viktor_Bout
http://www.victorbout.com/
Currently doing 25 years in NY.
July 23, 2013, 04:40:11 PM
srsly, how would they go about btc-e? Bribe a Russian official?
Just explan to Putin that USA has jurisdiction over Russian territory. I'm sure Putin will agree with this.
US laws can apply wherever the US decides they will (barring constitutional restriction). What they may not have is the ability to enforce those laws depending on treaties and extradition agreements. And you'd better be careful about setting foot on American soil ever again.
c.f. http://en.wikipedia.org/wiki/United_States_v._ElcomSoft_and_Sklyarov
July 23, 2013, 04:38:40 PM
What do you mean by "business itself is in US"? What part of US was Liberty Reserve in?
Proably the US did something illegal. The USA has no jurisdiction outside of its own territory and US laws only apply within its own borders. July 23, 2013, 04:33:17 PM
srsly, how would they go about btc-e? Bribe a Russian official?
Just explan to Putin that USA has jurisdiction over Russian territory. I'm sure Putin will agree with this.
July 23, 2013, 04:30:53 PM
LOL@everyone moving coins to Bitsamp. Keeping money on any exchange not registered, or seeking registration, with Fincen is idiotic at this point. Any business intentionally or knowingly offering services to US citizens is subject to laws there.
Only if the business itself is in the US because US laws do not apply anywhere outside the US.
What do you mean by "business itself is in US"? What part of US was Liberty Reserve in?
July 23, 2013, 04:30:41 PM
I agree that the US government can strongarm MtGox (Japan) and Bitstamp (UK), because those countries are close allies and may comply with US demands.
About BTC-E, I'm not sure what the US government can do, maybe hire some rackets to put a bomb in their server room (just a hypothesis)?
About BTC-E, I'm not sure what the US government can do, maybe hire some rackets to put a bomb in their server room (just a hypothesis)?
July 23, 2013, 04:27:20 PM
LOL@everyone moving coins to Bitsamp. Keeping money on any exchange not registered, or seeking registration, with Fincen is idiotic at this point. Any business intentionally or knowingly offering services to US citizens is subject to laws there.
Only if the business itself is in the US because US laws do not apply anywhere outside the US.
July 23, 2013, 04:26:41 PM
You are mistaken, Bitstamp only has to abide by the laws of the country it is registered in.
Which is UK for Bitstamp itself, but Slovenia for their bank.
It's the US citizens that also have to abide by those laws when doing business with Bitstamp.
Which is UK for Bitstamp itself, but Slovenia for their bank.
It's the US citizens that also have to abide by those laws when doing business with Bitstamp.
If US customers are specifically targeted by Bitstamp, it clearly is subject to US regulation (from an US point of view). Same thing if it only did business with US customers but was completely kept in Slovenian or something, thus not specifically targeting US citizens, US laws would still apply.
The only question is: "Can the US authorities excert their power over Bitstamp or not?". If Bitstamp has no legal representation in the US, it may not be liable to court orders or prosecution but may as well be shut down if the American authorities extend their influence across the Atlantic which is very narrow between the US and the UK, if you know what I mean.
This is how bitcoin-24.com got shut down btw. It targeted German customers but was incorporated in the UK as well. The banks didnt care.
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