Interestingly, these charges are published on the same day that the first decentralized Bitcoin exchange opens its public beta [0]. And, yes, the whole point of a decentralized Bitcoin exchange is to circumvent the laws that the FBI accuses Coin.mx of breaking:
Coinffeine takes advantage of the P2P model to avoid accepting deposits in bitcoins or fiat money, making it unnecessary to identify users or fulfill costly money laundering laws in each country. ... “Not having to identify users or enforce KYC laws has allowed us to design a much more scalable exchange model. [...]”, said Alberto Gómez Toribio, CEO of the company.
For good and for ill, one of Bitcoin's core value propositions will always be its promise to vitiate governments' attempts to control their citizens' money. It's hard to tell who's winning so far, and harder to tell who's likely to win in the end.
Coinffeine takes advantage of the P2P model to avoid accepting deposits in bitcoins or fiat money, making it unnecessary to identify users or fulfill costly money laundering laws in each country. ... “Not having to identify users or enforce KYC laws has allowed us to design a much more scalable exchange model. [...]”, said Alberto Gómez Toribio, CEO of the company.
For good and for ill, one of Bitcoin's core value propositions will always be its promise to vitiate governments' attempts to control their citizens' money. It's hard to tell who's winning so far, and harder to tell who's likely to win in the end.
0. http://blog.coinffeine.com/2015/07/21/coinffeine-launches-wo...