Venezuelan govt blocks bank accounts of people leaving the country

Venezuela's Maduro is exemplifying how the banking system can be weaponized for political purposes. Political oponents and millions of people simply leaving the country to avoid starvation are finding access to their meager savings blocked.

This can happen, will happen, in many other countries. It is the logical conclusion of the cashless society… unless Bitcoin wins and gives people their monetary sovereignty back.

submitted by /u/flix2
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Bitcoin – The Currency of the Internet

US Govt intends to fine BTC-E, a non-US company, for not implementing US identity requirements.

Alexander is alleged to be involved with MTgox hack laundering, BTCE is not alleged to have done anything except not comply with US Identity regulations. The US wants to be handed 100m for it.

The US don't have control of BTC-E account funds nor their servers and BTC-E doesn't have offices in the USA, the US won't get a penny from them and it's highly unlikely BTC-E will close at all. After all these US statements came out BTC-E put out an update saying they intend to be back online.

However, this marks the start of the war we knew was coming. Now is not a time for FUD spreading, its a time for solidarity across all the communities.

Stop falling for the narrative, that it's a good thing exchanges are being targeted, for your protection.

"FinCEN today assessed a $ 110 million civil money penalty against BTC-e for willfully violating U.S. anti-money laundering (AML) laws."

Everything else you are reading about their involvement with this and that is just the narrative to justify taking down exchanges. The above is the only thing that means anything. That's what this whole thing is really about.

submitted by /u/bitcoin1989
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