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Absolutely they were pressured. They could not be shut down legally through the courts. It is legal to buy and sell bitcoin. It is legal to provide a platfor
by fallingknife 4y ago
Absolutely they were pressured. They could not be shut down legally through the courts. It is legal to buy and sell bitcoin. It is legal to provide a platform for people to meet up and do legal business. Basically it's Craigslist.
- flangola7 4y agoSo who had leverage to pressure them?
- fallingknife 4y agoWho hates crypto, and anonymous (untaxable) financial transactions the most? The government, of course.
- flangola7 4y agoThey're not doing anything illegal. What is the leverage?
- fallingknife 4y agoA small company will not survive a federal investigation even if they did nothing wrong. The lawyers fees involved will be in the 10's of millions before you can even get to the stage where a judge can rule on it.
- flangola7 4y agoUnless they were charged with something I don't see what they would be paying at all. If you're not in court what legal fees would you be paying? Kraken is not what I would call a small company either.
- fallingknife 4y agoYou have obviously never been involved in litigation. Actually being in court is the tip of the iceberg. Just look at the xrp lawsuit. Been dragging on for years and still hasn't gone to court. Lawyers are billing by the hour the whole time. And what does this have to do with kraken?
- olalonde 4y agoSource? The average person unknowingly breaks at least three federal criminal laws every day. If you operate an international peer-to-peer Bitcoin exchange, that number is probably a lot higher. They might just have gotten an email from a 3 letter agency politely asking them to shutdown.