4 ms·

>All in all, there a strong suggestion that he participated in money laundering and was involved in the whole scheme. Well duh, anyone involved in the Bitcoin

>All in all, there a strong suggestion that he participated in money laundering and was involved in the whole scheme. Well duh, anyone involved in the Bitcoin community was very well aware of this. BTC-e has been flagrantly disregarding AML and KYC laws for it's entire existence.

jstanley 9y ago
Lots of people in Bitcoin hate KYC and AML laws, and consider them invasive. I am one of these people. In itself, it's not an indicator of wrongdoing.
- xg15 9y ago
  Except potentially breaking the law.
- ryanlol 9y ago
  I don't know what you're getting at here? We're not discussing wrongdoings, but violations of the law. BTC-e was operating illegally for a very long time and everyone knew this. If your dislike of KYC and AML laws led you to believe that BTC-e was on solid legal ground, then you're simply stupid.
- empath75 9y ago
  Breaking the law is an indicator of criminal behavior, whether you like the law or not.
- dragonwriter 9y ago
  Hating KYC/AML law may not be a strong indicator of legal wrongdoing; breaking it, OTOH, is not merely an indicator of legal wrongdoing, but is itself such wrongdoing.
  - deleted 9y ago
    [deleted]
- deleted 9y ago
  [deleted]
- lmm 9y ago
  Yes it is. The laws were legitimately passed; agree or not, citizens have a duty to follow them, or else protest them directly if they find them onerous enough.
alfon 9y ago
Btc-e is currently under 'unplanned maintenance' [1], does anyone know if it has something to do with this?. [1] https://btc-e.com/ https://btc-e.com/
- ryanlol 9y ago
  Almost certainly. BTC-e always describes any and all issues as "maintenance".
- deleted 9y ago
  [deleted]
- r721 9y ago
  >A Russian national arrested in Greece on Wednesday on suspicion of laundering criminal funds by switching them into bitcoins is a key person behind the BTC-e crypto-currency exchange, two sources close to the exchange told Reuters. http://www.reuters.com/article/us-greece-russia-arrest-bitcoin-idUSKBN1AB27W http://www.reuters.com/article/us-greece-russia-arrest-bitco...
someonewhocar3s 9y ago
"Flagrantly disregarding" That BITCOIN IS NOT MONEY - so KYC IS NOT LEGALLY MANDATE At least not in civil countries. I also disagree that Money Laundering is the root of all evil. The crime is the problem, fighting the symptoms of crime (it's pay) harder than the source is, eh, ludicrous. But when you realise you actually sacrifice freedom of speech for it, that's when it gets /really/ icky. (US Supreme Court named financial transactions speech, as without donating to your cause your cause is f-kd. So it should be private & anonymous, or you give away the freedom of spending, which equals the freedom of speech) So, do I want to increase my attack surface (=being named and known to the USGOV or whomever wrt buying/trading cryptocurrency and spending it where I will), or will I use BTC-e, which respects that freedom? Hmmm. BTC-e always had a criminal vibe to it, so that might alter your choice. Regardless the vibe, you suggest self-censorship, ID'ing yourself and confessing wherever you spend, because..? You're afraid of Money Laundering? Check the Panama Papers - you're barking up the wrong tree. I think you're doing it because you're afraid of the panopticon seeing you hide yourself. It's inhumane how effective this mechanism already is.

jstanley 9y ago

Lots of people in Bitcoin hate KYC and AML laws, and consider them invasive. I am one of these people. In itself, it's not an indicator of wrongdoing.

xg15 9y ago
Except potentially breaking the law.
ryanlol 9y ago
I don't know what you're getting at here? We're not discussing wrongdoings, but violations of the law. BTC-e was operating illegally for a very long time and everyone knew this. If your dislike of KYC and AML laws led you to believe that BTC-e was on solid legal ground, then you're simply stupid.
empath75 9y ago
Breaking the law is an indicator of criminal behavior, whether you like the law or not.
dragonwriter 9y ago
Hating KYC/AML law may not be a strong indicator of legal wrongdoing; breaking it, OTOH, is not merely an indicator of legal wrongdoing, but is itself such wrongdoing.
- deleted 9y ago
  [deleted]
deleted 9y ago
[deleted]
lmm 9y ago
Yes it is. The laws were legitimately passed; agree or not, citizens have a duty to follow them, or else protest them directly if they find them onerous enough.

alfon 9y ago

Btc-e is currently under 'unplanned maintenance' [1], does anyone know if it has something to do with this?. [1] https://btc-e.com/ https://btc-e.com/

ryanlol 9y ago
Almost certainly. BTC-e always describes any and all issues as "maintenance".
deleted 9y ago
[deleted]
r721 9y ago
>A Russian national arrested in Greece on Wednesday on suspicion of laundering criminal funds by switching them into bitcoins is a key person behind the BTC-e crypto-currency exchange, two sources close to the exchange told Reuters. http://www.reuters.com/article/us-greece-russia-arrest-bitcoin-idUSKBN1AB27W http://www.reuters.com/article/us-greece-russia-arrest-bitco...

someonewhocar3s 9y ago

"Flagrantly disregarding" That BITCOIN IS NOT MONEY - so KYC IS NOT LEGALLY MANDATE At least not in civil countries. I also disagree that Money Laundering is the root of all evil. The crime is the problem, fighting the symptoms of crime (it's pay) harder than the source is, eh, ludicrous. But when you realise you actually sacrifice freedom of speech for it, that's when it gets /really/ icky. (US Supreme Court named financial transactions speech, as without donating to your cause your cause is f-kd. So it should be private & anonymous, or you give away the freedom of spending, which equals the freedom of speech) So, do I want to increase my attack surface (=being named and known to the USGOV or whomever wrt buying/trading cryptocurrency and spending it where I will), or will I use BTC-e, which respects that freedom? Hmmm. BTC-e always had a criminal vibe to it, so that might alter your choice. Regardless the vibe, you suggest self-censorship, ID'ing yourself and confessing wherever you spend, because..? You're afraid of Money Laundering? Check the Panama Papers - you're barking up the wrong tree. I think you're doing it because you're afraid of the panopticon seeing you hide yourself. It's inhumane how effective this mechanism already is.