They are regulating crypto exchanges and block large amounts of cash, now I can only get enough money for one simple jumping round, if I try to cash out more, they will not allow me. if people could sell their Bitcoins, price wouldn't be $9878.
Yes, several regulatory agencies which includes the United States and Europe are waging an all out war on crypto currencies and they are launching their attacks through the exchanges and all other points of money transmission.
Why is this happening, or why are they trying to do this to me?
Please be advised that this is not a war on crypto currencies, but a war on the people as they fear a mass exodus from the financial system. A mass exodus would be a loss of centralized control of the money supply and of the people through sweat equity.
Their aim is to try and slow adoption and its overall use by attacking all the exit points such as the exchanges and money transmitters. Such regulatory bodies include, the IMF (International Monetary Fund), SEC (the Securities and Exchange Commission), and the U.S Internal Revenue Service.
Their other chief objective is to make an example out of you by either trapping you in the old financial system or locking you out of it. If they can trap you in their system then they can either extort you, jail you, fine you, or sue you. If they can lock you out of the system, then they'll seize any asset as evidence under suspicion that is directly connected to your name, freeze your accounts, and they'll even send a Financial Crimes Enforcement Unit after you by use of your registered address on file that's with the bank.
Why would they be going after Bitcoin Now? Can't they just shut it down?
They've realized that they cannot simply shut down Bitcoin or impact such a strong and resilient distributed network, they've tried for years and Bitcoin became stronger and more immune to their attacks as a result. However, they can go around the asset its self by blocking as many centralized exits as possible.
Once Bitcoin reaches an evaluation-price of at least $10,000 or more then -- I would highly advice for you to have another plan available because that will trigger the International Money Laundering Act. Most local to medium sized banks are only allowed to ensure deposits of up to $20,000.00, and are required to report deposits of up to $10,000 and over to the IRS. If amounts of $5,000.00 are suddenly transferred after a $10,000 + deposit then it triggers bank security policies, and you're in trouble, real deep shit.
You would be subject to seizure which is known as Civil Asset Forfeiture, which constitutes funds that can be legally seized under the presumption of illegal money transmission.
So, what kind of trouble are we talking about?
At this point ( depending on where you are) the bank would have submitted all your information to either the FBI or Interpol, or at least all the information you submitted to them when you first opened the account. If you opened the account online then the bank has your IP address and had submitted that information too. An investigation takes place on all data and meta data gathered, two weeks later an all- out and unholy raid from Hell is performed on your address location, which is hopefully not your place of residence.
Now listen really close – Police officers don’t simply visit your home as they used to, they’re not the kind and friendly men and women that many government supporters believe. Under these circumstances, it’s every man for himself. They’ll rip your door down, take black boots to anyone’s ass they see in sight, strip you of your humanity, berate you, beat you, mace you, slam you to the floor and shove their knees into your face, call you boy , fagot, fucker and they’ll even spit on you. A perceived white collar crime that went unanswered is the worse, being raided on a presumption is even worse. If you have young children in the house they’ll slap them around , mace them, and even shove their fingers up their ass; they’ll literally beat the snot out of them, and torture you into a state of delirium so that you do something that will give them a reason to kill you, anything, just so that they can kill you.
This is horrible! Tell me why again? If they seized my bank account because of a few Bitcoins why would they want to come after me?
Because the assumption of a major crime is the worse, especially one that went unanswered without legal intervention; it gives them time to imagine the worse about you, to build the worse case imaginable on their terms. Its all about money, the modern courtroom is a money racket designed to rob you of sweat equity.
And to them money is always worth more than you are. It doesn’t matter if you’re guilty or innocent. Have you ever heard the saying, lawyers make the laws? It’s true, if you’re rich you’re innocent until proven guilty. If not – then you’re always guilty, if they can’t make money from you then you’re disposable. And when you’re middle-class you pay them for wasting their time, you plead guilty when innocent and either pay the fine or go to jail. And when you’re homeless you go straight to jail. They even have illegal jails in the courtroom where they can stick you in without anything to eat.
Remember:
And if you never received a notice (which you’ll never get because the banks keep quiet) then you’ll never have a chance to plead your case – unless you have a lawyer to intervene and he’ll eloquently describe to you the situation, the best lawyer will say .. “GET YOUR A$$ OUT OF THAT HOUSE!”
"Only a good lawyer knows that it’s easier to defend a Freeman than one who is presumed guilty."
How do I completely avoid this kind of head ache?
If you have a significant amount of capital in Bitcoin or any form of Crypto Asset I would suggest you get it out of your Legal name and IP address as soon as possible. Have a private wealth management lawyer create a secure wealth management plan by using a series of legal entities such as corporations, trusts, and LLCs in the Bitcoin Friendly state of Nevada. On June 5th The state of Nevada had passed senate Bill 398 which blocks local state government entities from taxing all Blockchain transactions. And legitimate repositioning of assets from you to an irrevocable trust is perfectly legal and makes for the perfect wealth transfer vehicle to safeguard assets.
The strategy is quite simple, legal, and painless. Your assets are owned by a subchapter S. Corporation or a Limited Liability Company and in turn the shares of the Sub S or membership units of the LLC are owned by the irrevocable trust, it's the fortress of Exclusive Asset Protection. The key to the transfer is the exchange of equal value in return for the asset, or the receipt of a fair market value for the asset transferred.
The re-positioning of assets means that you will no longer own them. If you don't own assets, no one will want to sue you; no one will want to track you; no one will want to know your name. You don't have to go offshore. Nevada’s Blockchain Asset protection through senate Bill 398 will legally defend and support your asset protection system.
A Re-loadable Wirex Bitcoin debitcard card in place of a bank account can be created for such an entity for disbursement of shares to allow you the freedom, control , and security you deserve when managing a lucrative asset. With the option to withdraw or load funds from any domestic or International location you’ll rest easy knowing you’ve got the right structure to help mitigate any situation.
