4 ms·
This article tries way too hard to act like Schrem's indictment is an attack on the Bitcoin system itself. If you look at the complaint (http://www.justice.gov
by rtpg 13y ago
This article tries way too hard to act like Schrem's indictment is an attack on the Bitcoin system itself.
If you look at the complaint (http://www.justice.gov/usao/nys/pressreleases/January14/SchremFaiellaChargesPR/Faiella,%20Robert%20M.%20and%20Charlie%20Shrem%20Complaint.pdf http://www.justice.gov/usao/nys/pressreleases/January14/Schr...) most of it is spent explaining Liberty Reserve's system, but then goes into great detail showing how Schrem conspired to launder money for BTCKing, with e-mails and everything.
Money laundering is money laundering, and here it was obviously done in a very willing way, and is a very specific case. I doubt this could be used to any real effect in other spaces.