[2016-04-15] Owner Moves Bitcoin Exchange Out of Estonia After Court Decision

[smashbtc]

BTC.ee owner alleges threats by Estonian police and moves business out of the country as Supreme Court of the country on Monday ruled against Bitcoin in a landmark case.

BTC.ee recently announced closure over threats by the Estonian police. The website had an ominous notice posted on it about the closure stating, “Apparently the Estonian police can re-interpret the law, keep their interpretation secret, and apply it retroactively and arbitrarily. Unfortunately the courts in Estonia do not appear to see a problem with that.”

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[Kprawn]

One of my friends got scammed by a company in Estonia selling gold plated jewelry for Bitcoin. They advertise the jewelry as pure 24 carat gold, but when he received it, and

had it tested.. it turned out to be gold plated. I for one are happy they are clamping down on these criminals, because we do not need them within our Bitcoin community. The

friend sold all his Bitcoins and exited the scene... many will follow the same route, when they get scammed by businesses like this.