Predictable: Government Going After Bitcoin ExchangesSubmitted by McWilly on Wed, 05/15/2013 - 14:03
Here’s a quick hit post to more or less say “I told you so.” I wrote previously about Bitcoin, and how it was only a matter of time until the U.S. government (and many others) pointed their sharpened blades at the upstart digital currency. Well, the first cuts have just been taken, as the Dept. of Homeland Security has issued a warrant to Dwolla, a start-up online transaction company that utilizes Mt.Gox – the largest Bitcoin exchange for U.S. Dollars. Mt.Gox posted this on its Google-plus page:
MtGox has read on the Internet that the United States Department of Homeland Security had a court order and/or warrant issued from the United States District Court in Maryland which it served upon the Dwolla mobile payment service with respect to accounts used for trading with MtGox. We take this information seriously. However, as of this time we have not been provided with a copy of the court order and/or warrant, and do not know its scope and/or the reasons for its issuance. MtGox is investigating and will provide further reports when additional information becomes known.
Cnet has an update posted in an article about the DHS going after Mt.Gox and Dwolla, which outlines the organization’s rationale for the legal attack: Continue Reading