Earlier this week, the US government took its first action against the bitcoin ecosystem, freezing the US accounts of Mt. Gox, which is the largest bitcoin exchange in the world, processing 75 percent of all transactions in the last 30 days. Since that time, the questions on most people’s mind has been, what does this mean for the future of bitcoin and other virtual currencies? Is this an isolated incident based on the actions of one bitcoin exchange, or is it a harbinger of a broader offensive against the ecosystem as a whole?
Considering bitcoin is now trading 10%
higher than it was before the DHS/MtGox smackdown, it's safe to assume the genie's out of the bottle and no amount of US regulatory over-reach is going to put it back now.
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