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Seems like Liberty Reserve just wasn't big enough to protect itself. If they had been bank sized they could just pay a few fines every now and then and continu
by TomGullen 13y ago
Seems like Liberty Reserve just wasn't big enough to protect itself. If they had been bank sized they could just pay a few fines every now and then and continue to operate:
http://www.bbc.co.uk/news/business-18880269 http://www.bbc.co.uk/news/business-18880269
- at-fates-hands 13y agoBanks are also heavily regulated. Liberty Reserve was attempting to act like a bank without all the government regulations - which is highly illegal for several reasons, one of which just happened to be money laundering.