News Article

6

US regulator: Bitcoin exchanges must comply with money-laundering laws

http://arstechnica.com

The federal agency charged with enforcing the nation's laws against money laundering has issued new guidelines suggesting that several parties in the Bitcoin economy qualify as Money Services Businesses under US law. MSBs must register with the federal government, collect information about their customers, and take steps to combat money laundering by their customers. The new guidelines do not mention Bitcoin by name, but there's little doubt which "de-centralized virtual currency" the Financial Crimes Enforcement Network (FinCEN) had in mind when it drafted the new guidelines.

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Cyphase's picture
Created by Cyphase 1 year 35 weeks ago – Made popular 1 year 35 weeks ago
Category: Regulation   Tags:
5

FinCEN sounds death knell for US based Bitcoin businesses

http://irdial.com

It seems that FinCEN has finally decided to opine on Bitcoin, without naming it specifically. This US pronouncement spells death to all “compliant” US Bitcoin companies that choose to remain based in the USA.

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Deslock Darkstar's picture
Created by Deslock Darkstar 1 year 35 weeks ago – Made popular 1 year 35 weeks ago
Category: Money   Tags:
7

Feds harass website owners because of linked sites.

http://ssdmf.info

If a website violates Section 1140, and you link to it, your site violates Section 1140, and are liable for $5000 civil penalty for every click on that link; and so every website linking to your website would also be in violation, and so on, even if you have a commercial ad server company running the ads on your site and cannot click them because that would be cheating. besides, if a website convincingly pretends to be Feds and you do click the link, how would you know they're not?

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SomebodySmart's picture
Created by SomebodySmart 1 year 35 weeks ago – Made popular 1 year 35 weeks ago
Category:   Tags:
7

NY Assemblyman and drug warrior caught with pot

http://gothamist.com

NYC Assemblyman voted against medical marijuana. Now hypocrite caught in traffic stop with pot. Fashions self a drug warrior.

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geogavino's picture
Created by geogavino 1 year 35 weeks ago – Made popular 1 year 35 weeks ago
Category: Self Ownership   Tags:
10

Woman fights Williamstown to feed her allergenic kids home raised food

http://sweetpeasfarm.webs.com

Jessica and her family moved a to rural homestead in hopes of raising food for her kids who have extreme food allergies. After receiving a verbal okay from the township allowing livestock animals such as chickens and goats she purchased a plot of land outside of the town Williamstown, MI. Now, the town is informing her that she has violated zoning laws and to remove her animals. She is fighting back for her family against the town and has a pretty detailed story above.

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Gryphonsclaw's picture
Created by Gryphonsclaw 1 year 35 weeks ago – Made popular 1 year 35 weeks ago
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6

Tens of billions of dollars in unpaid taxes fly under radar

http://www.edmontonjournal.com

Tax evasion, both at home and abroad, is stealing potentially tens of billions of dollars in revenue from federal coffers and ultimately sapping money out of the pockets of law-abiding Canadian taxpayers."People that don't pay their fair share of the taxes means the rest of us have to pay more," says Liberal Sen. Percy Downe, who has been leading the fight in Parliament on tax evasion. "It's a tremendous revenue loss to the country." He wants the government to boost the CRA's funding for fighting tax evasion.

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canuckaroo's picture
Created by canuckaroo 1 year 35 weeks ago – Made popular 1 year 35 weeks ago
Category:   Tags:
8

Global Economics Lesson From Bitcoin - Business Insider

http://www.businessinsider.com

Limiting supply has clearly been a huge plus for the BTC. Becoming known as a currency for illegal drugs and gambling is more problematic, of course. But let’s not forget that the U.S. Treasury printed 3 billion $100 bills in the 2012 Fiscal Year. Most of those (the Federal Reserve estimates 80%) go overseas and many of them simply facilitate the global drug and arms trade, not to mention tax evasion and human trafficking. So the BTC’s growing role in the same types of business might qualify it for “Reserve currency” status sooner than anyone thinks.

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roryn3kids's picture
Created by roryn3kids 1 year 35 weeks ago – Made popular 1 year 35 weeks ago
Category: Money   Tags:
4

Rand Paul, Rock Star: Libertarians Run the Show at CPAC

http://www.thedailybeast.com

Indeed, the libertarian crowd has been increasingly vocal at Obama-era CPACs—Ron Paul has routinely won the annual straw poll—but this year, the Rand Paul Brigades look something like an occupying force. Everywhere one turns, there are “Stand With Rand” signs, stickers, and T-shirts (a volunteer told me he had handed out a thousand shirts in just over two hours). In the rush to see the Kentucky senator’s speech, one Paul supporter thrust a “Stand With Rand” placard into a young conservative’s hands.

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wkth1's picture
Created by wkth1 1 year 35 weeks ago – Made popular 1 year 35 weeks ago
Category: Outreach   Tags:
5

Hacked 911 call sends SWAT team to security reporter's house

http://arstechnica.com

Brian Krebs has always been a trailblazer among security reporters. His exposés completely shut down a California hosting service that coddled spammers and child pornographers and severely disrupted an organized crime syndicate known as RBN. More recently, his investigative journalism has followed the money to the people who sell malware exploit kits, illicitly procured credit reports, and DoS services in underground forums. Now, Krebs has achieved a decidedly more grim distinction.

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Cyphase's picture
Created by Cyphase 1 year 35 weeks ago – Made popular 1 year 35 weeks ago
Category: Unintended Consequences   Tags:
4

FBI: ICE agent justified in killing of colleague

http://www.policeone.com

ICE agent shoots another ICE agent who was shooting another ICE agent... And it is OK, say prosecutors... But citizens should be disarmed.

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RedCircle's picture
Created by RedCircle 1 year 36 weeks ago – Made popular 1 year 35 weeks ago
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