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
Topic: Why is no authority after btc-e.com? - page 2. (Read 4280 times)
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
i heard that btc-e.com is russia based and USA authorities can't do anything
they mostly do what is against usa, they support such stuff
they mostly do what is against usa, they support such stuff
They do use cloudflare.com as a CDN, which is a US-company, so at least the US-authorities could easily track ithem down, and find out where they are hosted, and by whom! We know about NSA, the snowden stories, that chasing them down by pressing just one button could easily be done.
Then you are really naive, no offence. You misunderstand the role of those agencies.
The role of those spy agencies is not to catch criminals or make justice, but to oppress people and spy on innocents, like they do now.
there should be a class action suit against them
it is a russia based exchange that follow rules of russian govt only
and about US Laws, it didnot apply to whole world they are just US laws not universal laws
That and the owners are allegedly anonymous. I'm not sure how they get away with that.and about US Laws, it didnot apply to whole world they are just US laws not universal laws
Most likely they are in a country that is not on good terms with the USA, so the USA has no course to go after them and the country they are in has no laws for this, no way to enforce them or does not want to enforce them.
The owners are "anonymous" and from a Russian speaking country.
It is alleged that Russian authorities often turn a blind eye to fraudsters and let them commit their crimes because it causes losses for the US financial system and it is seen as a kind of economic warfare against the US. The same thing is probably going on here, with Russian authorities turning a blind eye to btc-e.
Their location is actually only speculated to be in or around Russia (most speculation is that it is based in the Ukraine) because the time stamp on their servers matches that time zone. It is alleged that Russian authorities often turn a blind eye to fraudsters and let them commit their crimes because it causes losses for the US financial system and it is seen as a kind of economic warfare against the US. The same thing is probably going on here, with Russian authorities turning a blind eye to btc-e.
In reality however, even their approximate location is not known as they use a number of identity masking services to hide their true identitys
Investigations can take years.
I've heard that owners of btc-e are Ukrainians, and developers are Russian. Not sure is it true, perhaps just a rumors
Hackers stay away from btce b/c they dont want to fall in the meatwagon from the Russian bosses.
In case you have not noticed. Russia is a haven void of the US iron fist..for the most part.
They blocked out russia for trading in recent months which seemed like a good move for the safety of ROW customer funds.
As others have said, they can't invade or piss off countries like Russia and China, so if you're planning on pissing off the U.S that's the way to go usually, America likes to talk about how tough they are but when it comes to trying to take on a country that has an air force at it's disposal they back down immediately.
They probably are looking at BTC-e & other trading sites, with online poker one day there was a problem out of the blue, the same might happen. Or maybe they will all apply for a bit license.
it is a russia based exchange that follow rules of russian govt only
and about US Laws, it didnot apply to whole world they are just US laws not universal laws
That and the owners are allegedly anonymous. I'm not sure how they get away with that.and about US Laws, it didnot apply to whole world they are just US laws not universal laws
How would one explain the sudden increase in US $$$ to the tax collectors??
Exactly how the IRS said to?http://www.irs.gov/pub/irs-drop/n-14-21.pdf
http://www.fincen.gov/news_room/rp/rulings/pdf/FIN-2014-R001.pdf
I don't know whether or not what you are doing business as an individual or a company has any bearing on whether or not you can get in any trouble for doing business with a company that should be registered as an MSB, but that is a question for a lawyer. However, the allegations in this thread don't lean toward money laundering, they lean toward tax evasion. That having been said, I suppose can tell you that I am not aware of any laws that would require any bitcoin exchange to report anything to the IRS (I do know that securities brokers only recently had to start reporting the various types of securities over the last 3-5 years, and bitcoin isn't a security), so it may be that US citizens using BTC-E are in a position to evade taxes while BTC-E has nothing to do with it (IOW, perhaps the same US citizens could do the same thing on any other exchange, even if it was based on US soil). Regardless, just because I am not aware of a law doesn't mean the law doesn't exist, so discussion with an accountant and/or lawyer may be a good idea here as well.
I haven't used btc-e.com but isn't it somewhat similar to localbitcoins.com?
No, it's a normal exchange with BUY / SELL ORDERS etc. - you can cash out your Bitcoins to Fiat and buy Bitcoins with your Fiat. They are a little bit shady but in the business for years now!http://www.irs.gov/pub/irs-drop/n-14-21.pdf
Ahh, so there'd be no problem, even with the allegations that the btc-e is a little shady? Iunno how in-depth the IRS would analyze everything
I haven't used btc-e.com but isn't it somewhat similar to localbitcoins.com?
No, it's a normal exchange with BUY / SELL ORDERS etc. - you can cash out your Bitcoins to Fiat and buy Bitcoins with your Fiat. They are a little bit shady but in the business for years now!
I haven't used btc-e.com but isn't it somewhat similar to localbitcoins.com?
No, it's a normal exchange with BUY / SELL ORDERS etc. - you can cash out your Bitcoins to Fiat and buy Bitcoins with your Fiat. They are a little bit shady but in the business for years now!http://www.irs.gov/pub/irs-drop/n-14-21.pdf
No problem with btce so far. It is good trading site, at least, for myself.
I haven't used btc-e.com but isn't it somewhat similar to localbitcoins.com?
No, it's a normal exchange with BUY / SELL ORDERS etc. - you can cash out your Bitcoins to Fiat and buy Bitcoins with your Fiat. They are a little bit shady but in the business for years now!
How would one explain the sudden increase in US $$$ to the tax collectors??
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