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DEA must be pi$$ed they didn’t get their cut.
BBC ... reporting news the msm won’t report
Looks like the Federal Reserve System has weighed in.
I'm confused...
5.56mm
Charging the Bitcoin operators with the crime of people using their service is exactly analogous to charging a gun manufacturer with the crime committed with his gun.
I was wondering how long it would take before FEDs, not only in the US, but in other nations, would go after the bitcoin industry.
I recall in the early 1980s there was a small system of bartering. Initially, it was harmless and only impacted a few localities. But, it started to spread, and the FEDs moved in to tax and regulate it out of business.
Bitcoin seems to be a direct challenge to ‘legal tender’ and few, if any, nations are going to let that happen.
They were essentially just selling strings of text to willing buyers and there was no real “money” or objects exchanged in return.
If they lose, it sets the precedent that ANYTHING that someone out there considers to have value is subject to the identical controls that government cash is. Selling on ebay or selling texts to people could then be equal to money laundering if you don't follow banking regulations in every transaction.
A sad day for anarchists, libertarians, and drug addicts.
And government likes to project its own vices onto the peasants.
If that is the case, the both the treasury department, federal reserve, and EVERYONE who works in the banking and financial sectors need to be immediately arrested and charged with money laundering, conspiracy to commit wire fraud, collusion, and drug trafficking. Where do you think all of those drug DOLLARS originate from? If the feds can go after a currency for this perceived wrong, then the entire US financial sector is just as guilty for aiding and abetting lawbreakers, by financing their drug transactions.
This is more about the online drug sales (Silk Road) than about Bitcoins. The Feds are still mopping up the people who were involved one way or the other in that very big operation.
They probably shouldn’t physically be in US territory. I don’t know where, maybe Dubai or Singapore or Hong Kong. But not the US.