Coin.mx Execs Arrested for Operating Illegal Bitcoin Exchange
http://www.coindesk.com/coin-mx-arrested-operating-illegal-bitcoin-exchange
Go BitShares Go!!!
news like this makes me not want to do any kind of finance business, which is sad.
it looks like they did a whole lot of other funny business.
My plan would be to block the US on an IP level, they seam to be the main problem makers with their anti-freedom agenda.
agreed. those guys at coin.mx seemed to be involved in a lot more than simply running a crypto exchange, but this is still a very negative signal to me; and maybe that's the purpose, to keep pressure on our industry and inhibit it from the start.
Yes the regulations are very constricting especially when you look at them through crypto glasses.
I wonder what the world would be like without all the regulation on fiat (would there be tons of well funded terrorists and will everyone be money laundering? perhaps the benefits of control dont justify the negative effects it is having on society, and we will never know until the restrictions are lifted. I assume that someone who wants to fund terrorists would not necessarily make an EFT from their bank account
so why all the reporting controls on EFTs).
There is also a massive lack of understanding by regulators which makes people like us worry about going to jail for trying to provide an innocent service.