Bitcoin Forum

Other => Politics & Society => Topic started by: Ucy on March 06, 2018, 09:47:37 AM



Title: The fruit of secretive elites aka "government" involvement in Crypto
Post by: Ucy on March 06, 2018, 09:47:37 AM
Just found this morning: 
"#Bittrex Blocks Residents of North Korea, Iran, Crimea, Syria, and Cuba UK Central Bank to Clamp Down on Crypto Money Laundering"


Shame on us!!!


Title: Re: The fruit of secretive elites aka "government" involvement in Crypto
Post by: covfefe_ on March 06, 2018, 10:57:11 AM
Bittrex can block anyone without discrimination. Though exchanges and ICOs have reasons to block people from some countries. Major of them to avoid themselves form lawsuits.


Title: Re: The fruit of secretive elites aka "government" involvement in Crypto
Post by: Mometaskers on March 06, 2018, 06:19:51 PM
I actually don't know how to feel about this. Some of those states do try to get around sanctions. That was one of South Korea's concern after all, that money is being siphoned out of the country to fund their enemies up north. But at the same time, it feels contrary to bitcoin's goal of being a currency for everyone.

Well, it's an exchange, either they do something about the allegations or end up getting shut down.