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Old 06-03-2013, 12:06 PM  
Paul
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Join Date: Nov 2002
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Quote:
Originally Posted by crucifissio View Post
thats EXACTLY what e-gold, 1mdc, liberty reserve, evocash, and to a certain degree, webmoney thought...
Apart from Webmoney (Russian) the other companies you have listed where either operating out of the US in some way or had incorporated their company in some tiny island or small country that was easy for the US to pressurise into closing them down.

Adult King posted this the other day concerning Liberty Reserves

Quote:
Originally Posted by AdultKing View Post
They made no effort to enforce KYC regulations, on the contrary they went to significant lengths to ensure that they had as little information as possible about the nature of what their customers were doing.

Furthermore they created a fake set of accounts accessible to the Costa Rican authorities on the Liberty Reserve platform to attempt to get around financial tracking requirements.
Going forward I don't see the US being able to pressure or bully countries like Russia & China into closing down Bitcoin exchanges IF Russia & China are willing to let Bitcoin flourish.

Quote:
Originally Posted by _Richard_ View Post
ripple is the company to watch.. lol.
Considering Google Ventures are investing in it, it could have an interesting future
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