why should it do?
btc-e just do bitcoin business, which authority is care of it?
Topic: Why is no authority after btc-e.com? (Read 4280 times)
Well it is not under our control, that is down to the governments to proceed and to take action or not. I agree in what your saying too to not take control or suspend services but if the government want to close them down they will do. Could take a long time before action is taken. And indeed if it was to close and then price would tumble down just like when MTGOX went rouge price got hit hard and still recovering from that. And right now to get bitcoin back up into the nice 800s again is going to take a lot of work to succeed where it has faild.
There are always alternatives like localbitcoins.com but really stable exchanges are a fundation of a currency. So i really hope they wont fuck it up for atleast 2-3 more years until bitcoin will stabilize and start to grow. But yea nowadays few exchanges are complying with regulation so its probably more tolerated, but i really want atleast 2-3 more years tolerance and after that bitcoin will be undefeatable.
Indeed none do comply with rules and regulation and wonder later on why they get closed down. It would be insane to see btc-e get closed down at it would have some serious impact on BTC again. I doubt this will happen any time soon but they is always that possibility that it can happen if they do not follow rules. Only time will tell and if will be around for the future. Right now I tend not to have much on exchange sites if for any reason they run into problems as been hit by a few in the past that did have problems but luckily I did not have a lot of coin in them to be affected by them.
Well it is not under our control, that is down to the governments to proceed and to take action or not. I agree in what your saying too to not take control or suspend services but if the government want to close them down they will do. Could take a long time before action is taken. And indeed if it was to close and then price would tumble down just like when MTGOX went rouge price got hit hard and still recovering from that. And right now to get bitcoin back up into the nice 800s again is going to take a lot of work to succeed where it has faild.
There are always alternatives like localbitcoins.com but really stable exchanges are a fundation of a currency. So i really hope they wont fuck it up for atleast 2-3 more years until bitcoin will stabilize and start to grow. But yea nowadays few exchanges are complying with regulation so its probably more tolerated, but i really want atleast 2-3 more years tolerance and after that bitcoin will be undefeatable.
Well if they following regulation am sure everything will be fine but then again if not then only time will tell if they are doing things within the legal limits or they are actually taking illegal action and not following rules and regulations but many use btc-e if governments where to act and stop them then it would be another big exchange to leave and no doubt the down fall for BTC prices. But if that is not the case then what about coinbase that is in San Francisco, California surly with the rules and regulations in the US will get pulled apart but does coinbase follow rules regulation and regulated. Am sure I seen a new exchange popup that was meant to be supported by the government but so far as yet to see results.
I would not like to see that though, the price is already dangerously too low, and we dont want bitcoin to die just now as many many retailers and people start to acknowledge it. So please let these exchanges continue atleast 3-4 more years until they diversify themselves so that bitcoin to have enough time to spread between people!
Well it is not under our control, that is down to the governments to proceed and to take action or not. I agree in what your saying too to not take control or suspend services but if the government want to close them down they will do. Could take a long time before action is taken. And indeed if it was to close and then price would tumble down just like when MTGOX went rouge price got hit hard and still recovering from that. And right now to get bitcoin back up into the nice 800s again is going to take a lot of work to succeed where it has faild.
Well if they following regulation am sure everything will be fine but then again if not then only time will tell if they are doing things within the legal limits or they are actually taking illegal action and not following rules and regulations but many use btc-e if governments where to act and stop them then it would be another big exchange to leave and no doubt the down fall for BTC prices. But if that is not the case then what about coinbase that is in San Francisco, California surly with the rules and regulations in the US will get pulled apart but does coinbase follow rules regulation and regulated. Am sure I seen a new exchange popup that was meant to be supported by the government but so far as yet to see results.
I would not like to see that though, the price is already dangerously too low, and we dont want bitcoin to die just now as many many retailers and people start to acknowledge it. So please let these exchanges continue atleast 3-4 more years until they diversify themselves so that bitcoin to have enough time to spread between people!
Well if they following regulation am sure everything will be fine but then again if not then only time will tell if they are doing things within the legal limits or they are actually taking illegal action and not following rules and regulations but many use btc-e if governments where to act and stop them then it would be another big exchange to leave and no doubt the down fall for BTC prices. But if that is not the case then what about coinbase that is in San Francisco, California surly with the rules and regulations in the US will get pulled apart but does coinbase follow rules regulation and regulated. Am sure I seen a new exchange popup that was meant to be supported by the government but so far as yet to see results.
The following countries could take action against BTC-e:
- the United States (taking their .com domain name, Cloudflare and GoDaddy)
- the United Kingdom (freezing funds of their payment provider)
- Australia / New Zealand (via Instra.com)
- Latvia (freezing the SEPA account of their payment provider)
- Hong Kong (freezing their Perfect Money funds)
- Russia (freezing their Yandex Money funds)
- their home country
- the United States (taking their .com domain name, Cloudflare and GoDaddy)
- the United Kingdom (freezing funds of their payment provider)
- Australia / New Zealand (via Instra.com)
- Latvia (freezing the SEPA account of their payment provider)
- Hong Kong (freezing their Perfect Money funds)
- Russia (freezing their Yandex Money funds)
- their home country
I can't believe you're happy that they are dodging the laws and remaining anonymous. Your praises will stop when you come upon an empty account and have noone to turn to. I hope it won't happen, but people actually start to like the law and authorities once they are in trouble.
I have nothing against Btc-e, but a bit of transparency never killed anyone.
I have nothing against Btc-e, but a bit of transparency never killed anyone.
BTC-E is the only exchange that I'll ever use. Their exchange is probably the most illegal, but its the only one that has been around as long as it has been. I was actually in the BTC-E chat the first and only time they got hacked, and they refunded everyone within a few hours. It was a pretty sizeable hack too, something like $40k USD, and BTC was around $10/coin at the time. About a year's worth of their service fees.
They even made me a custom chat gif for my birthday
I dont especially care that they aren't transparent as long as they work, I dont have enough fingers to count the "legit" exchanges that have popped up and run with people's money. I dont know if they are doing things legally in Russia, but by staying anonymous they have pretty successfully dodged US regulators.
I have also enjoyed their sight a lot over the years. I hope they still have good volume in the future.
I can't believe you're happy that they are dodging the laws and remaining anonymous. Your praises will stop when you come upon an empty account and have noone to turn to. I hope it won't happen, but people actually start to like the law and authorities once they are in trouble.
I have nothing against Btc-e, but a bit of transparency never killed anyone.
I have nothing against Btc-e, but a bit of transparency never killed anyone.
Everybody should risk as much as they can affort to lose.No investment is 100% safe.
If you are afraid that they rob you a few coins, but you ignore the fact that the so called authorities rob 80% from you every month for the rest of your life is really ignorant.
You also don't like the "authorities" after they break into your house and machine-gun your dog like they do 99.9% of the time.
I can't believe you're happy that they are dodging the laws and remaining anonymous. Your praises will stop when you come upon an empty account and have noone to turn to. I hope it won't happen, but people actually start to like the law and authorities once they are in trouble.
I have nothing against Btc-e, but a bit of transparency never killed anyone.
I have nothing against Btc-e, but a bit of transparency never killed anyone.
BTC-E is the only exchange that I'll ever use. Their exchange is probably the most illegal, but its the only one that has been around as long as it has been. I was actually in the BTC-E chat the first and only time they got hacked, and they refunded everyone within a few hours. It was a pretty sizeable hack too, something like $40k USD, and BTC was around $10/coin at the time. About a year's worth of their service fees.
They even made me a custom chat gif for my birthday
I dont especially care that they aren't transparent as long as they work, I dont have enough fingers to count the "legit" exchanges that have popped up and run with people's money. I dont know if they are doing things legally in Russia, but by staying anonymous they have pretty successfully dodged US regulators.
I can't believe you're happy that they are dodging the laws and remaining anonymous. Your praises will stop when you come upon an empty account and have noone to turn to. I hope it won't happen, but people actually start to like the law and authorities once they are in trouble.
I have nothing against Btc-e, but a bit of transparency never killed anyone.
I have nothing against Btc-e, but a bit of transparency never killed anyone.
+1 the Bitcoin economy could be much safer if they did basic identity checks like any other exchange.
I can't believe you're happy that they are dodging the laws and remaining anonymous. Your praises will stop when you come upon an empty account and have noone to turn to. I hope it won't happen, but people actually start to like the law and authorities once they are in trouble.
I have nothing against Btc-e, but a bit of transparency never killed anyone.
I have nothing against Btc-e, but a bit of transparency never killed anyone.
Only thing to say is well played BTC-E!! Dodge the authorities and make a good name to have customers over years. Simply well played!
They are not "authorites" ,nobody gave them authority, they self proclaimed it, they are just a bunch of thieves trying to destroy a very competitive and pro-capitalist business with all their stupid rules and regulation.
Well yes. If you had the feeling of irony from my post it wasn't.As long as BTC-E works as it did till now I do applaud to them.
Only thing to say is well played BTC-E!! Dodge the authorities and make a good name to have customers over years. Simply well played!
They are not "authorites" ,nobody gave them authority, they self proclaimed it, they are just a bunch of thieves trying to destroy a very competitive and pro-capitalist business with all their stupid rules and regulation.
Only thing to say is well played BTC-E!! Dodge the authorities and make a good name to have customers over years. Simply well played!
I dont think russia has very strict laws about this.
Maybe Russia is less strict when it comes to AML/KYC, but Russians are not allowed to use Bitcoin
Yes it's all fun and all to bash the USA, (hahaha you have no power here yankees!) but I can guarantee shadow banking and money laundering is just as illegal in Russia or China as the US. But just like the US it's not what you did but who you know, pay off the right people and you can evade or delay prosecution for awhile.
I dont think russia has very strict laws about this.
Maybe Russia is less strict when it comes to AML/KYC, but Russians are not allowed to use Bitcoin
Probably because no one really knows where they are from.
So you can't say they are something illegal if you don't know which laws apply to them.
So you can't say they are something illegal if you don't know which laws apply to them.
A UK company named Mayzus Financial Services Limited certainly knows who's behind BTC-e, since they are processing payments for them.
It's the active trollbox: Even the strongest authorities are afraid to mess with the btc-e trollbox. 
Probably because no one really knows where they are from.
So you can't say they are something illegal if you don't know which laws apply to them.
Unless money laundry is actually explicitly illegal in the whole world. Don't think that's the case yet
So you can't say they are something illegal if you don't know which laws apply to them.
Unless money laundry is actually explicitly illegal in the whole world. Don't think that's the case yet
They are from russia, or atleast one of the main owners of it is from there. I just saw an article on coindesk that was talking about them.
I dont think russia has very strict laws about this. Especially now that the western world is banning eastern stuff, you can be sure that the russians will protect their own companies against western threats
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