BTC-e legal problems?

[keithers]

It would be a huge hit to the alt coin world if btc-e was shut down.

Personally I'm hesistant to leave any coins on any exchange after losing my deposits to Ukyo and Bitfunder / WeExchange.

What I don't understand is, why don't these big exchanges run them from countries without such ..... stringent  rules?  They could have their physical infrastructure in Cambodia or the Fiji Islands or Liberia, run it remotely from Belarus (or some place with better beaches) and then not have to worry as much about being whimsically shut down by the majority of the planet's countries which have their financial policy dictated to them by the Federal Reserve.  

That's exactly what btc-e does. servers on cyprus, legal entity elsewhere, admins russian. Not falling under a single jurisdiction much

Yes, it seems like they have actually done it right so far to stay up and running consistently without governmental problems

[kneim]

From the central bank of cyprus:
http://www.centralbank.gov.cy/nqcontent.cfm?a_id=13239&lang=en

[TERA]

From the central bank of cyprus:
http://www.centralbank.gov.cy/nqcontent.cfm?a_id=13239&lang=en

Does this mean GTFO of btce?

[disclaimer201]

Nice try to scare people who sold on btc-e to buy back for a loss. Try again. Btc-e has been one of the most reliable exchanges there are.

[pungopete468]

From the central bank of cyprus:
http://www.centralbank.gov.cy/nqcontent.cfm?a_id=13239&lang=en

This is hilarious considering the CBC just robbed the entire nation...

[MatTheCat]

From the central bank of cyprus:
http://www.centralbank.gov.cy/nqcontent.cfm?a_id=13239&lang=en

Does this mean GTFO of btce?

Don't see why it should.

BTC-E is run by Russians, whose office is based in Cyprus, but whose exchange is based in Bulgaria.

Worry about BTC-E when the Bulgarian Central Bank states that they are out to nail Bitcoin.

[kneim]

From the central bank of cyprus:
http://www.centralbank.gov.cy/nqcontent.cfm?a_id=13239&lang=en

Does this mean GTFO of btce?

I only know for sure cryptos are dangerous for bangsters. I never had any problem with btc-e. I'm a believer in cryptos, but at these times with the Mt.Gox issues I'm standing aside.

[TERA]

From the central bank of cyprus:
http://www.centralbank.gov.cy/nqcontent.cfm?a_id=13239&lang=en

Does this mean GTFO of btce?

Don't see why it should.

BTC-E is run by Russians, whose office is based in Cyprus, but whose exchange is based in Bulgaria.

Worry about BTC-E when the Bulgarian Central Bank states that they are out to nail Bitcoin.

That sounds ridiculous. It reminds me of a hand of poker where you're trying to catch a backdoor straight draw and there's also a potential flush and full house on the board that might beat you.

[knightcoin]

If one day I setup my own exchange server I would look at that list first ...

Index of Economic Freedom
http://www.gfmag.com/component/content/article/119-economic-data/12450-economic-freedom-by-countryhtml.html#axzz2ss5LIZFd

[ElectricMucus]

Even if btce were based in Russia, I don't really see a problem. It's just like trading linden dollars, which aren't a currency either, it's just tokens for collecting. Now bitpay and co, that's something different, there are goods and services involved not trading for the tradings sake.
That is what it will boil down to, whenever the talking heads here like it or not.

[keithers]

From the central bank of cyprus:
http://www.centralbank.gov.cy/nqcontent.cfm?a_id=13239&lang=en

Does this mean GTFO of btce?

Don't see why it should.

BTC-E is run by Russians, whose office is based in Cyprus, but whose exchange is based in Bulgaria.

Worry about BTC-E when the Bulgarian Central Bank states that they are out to nail Bitcoin.

That sounds ridiculous. It reminds me of a hand of poker where you're trying to catch a backdoor straight draw and there's also a potential flush and full house on the board that might beat you.

Speaking of poker, doesnt the Gox situation remind you of Ultimate Bet?

[MANofthePEOPLE]

From the central bank of cyprus:
http://www.centralbank.gov.cy/nqcontent.cfm?a_id=13239&lang=en

Does this mean GTFO of btce?

Don't see why it should.

BTC-E is run by Russians, whose office is based in Cyprus, but whose exchange is based in Bulgaria.

Worry about BTC-E when the Bulgarian Central Bank states that they are out to nail Bitcoin.

That sounds ridiculous. It reminds me of a hand of poker where you're trying to catch a backdoor straight draw and there's also a potential flush and full house on the board that might beat you.

Speaking of poker, doesnt the Gox situation remind you of Ultimate Bet?

More like when all the micro skins went down

[MatTheCat]

Even if btce were based in Russia, I don't really see a problem.

You don't see a problem. Putin does.

[ElectricMucus]

Even if btce were based in Russia, I don't really see a problem.

You don't see a problem. Putin does.

Did you pay attention to any of the rest of my post?
I think I argued my point well enough, and I expect you to do the same, that is if you like a serious response.

[MatTheCat]

Did you pay attention to any of the rest of my post?
I think I argued my point well enough, and I expect you to do the same, that is if you like a serious response.

RUSSIA HAS BANNED BITCOIN YOU HALFWIT!

Trade in any form of currency or currency substitute that isn't the Ruble, is illegal in Russia. This was written into law in 2002 and this law is being cited in the face of the Bitcoin 'threat'.

[ElectricMucus]

Did you pay attention to any of the rest of my post?
I think I argued my point well enough, and I expect you to do the same, that is if you like a serious response.

RUSSIA HAS BANNED BITCOIN YOU HALFWIT!

Any form of currency or currency substitute that isn't the Ruble, is illegal in Russia.

You didn't pay attention.
It has banned the use of Bitcoin as a currency but I don't see it is banned for other uses. I say btc-e is used to trade Bitcoins, Litecoins, etc... as collectible tokens. No good or service is offered for Bitcoins.

Lets face it, Bitcoin isn't a currency in Russia.

[MatTheCat]

It has banned the use of Bitcoin as a currency yes. I say btc-e is used to trade Bitcoins, Litecoins, etc... as collectible tokens. No good or service is offered for Bitcoins.

Problem comes when someone within Russia wants to trade them coins for fiat currency.

Right now, Russia would be the very last country where anyone would want to base a Bitcoin exchange.

[ElectricMucus]

It has banned the use of Bitcoin as a currency yes. I say btc-e is used to trade Bitcoins, Litecoins, etc... as collectible tokens. No good or service is offered for Bitcoins.

Problem comes when someone within Russia wants to trade them coins for fiat currency.

Right now, Russia would be the very last country where anyone would want to base a Bitcoin exchange.

So people also trade stamps and magic cards?

[henryreardon]

How do I get USD fiat out of BTC-e?  (without having to trade to crypto first I mean)

[ElectricMucus]

There is a cheap way (okpay) and a easy way (vouchers on converting sites to paypal) and things in-between.