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Misplayed Game: How Governments Have Failed To Regulate Bitcoin - In March of 2013, Bitcoin entered into a third phase of its evolution. Whereas the first two represent creation (2009) and popular acceptance, the third began as FinCen published a guide on how virtual currencies such as Bitcoin would be managed by the US government (and thus, by extension, all governments under the thumb of anglo-americanism worldwide). In the wake, government agencies began cracking down on exchanges and wallets such … Read More →
Big Banks: The New Morality Police - In the US, financial institutions are acting as morality police, rejecting individuals from acquiring bank accounts due to the nature of their careers. This naturally leaves them little choice, and will likely lead many individuals to grow open-minded towards alternative currencies such as Bitcoin, gold and silver. When Chanel Preston, a major porn star, opened a business account with City National Bank in Los Angeles, the account was shut down … Read More →
Europe, US Leaders Target Money Laundering - Money laundering has world leaders acting jittery. With US authorities going after Mt. Gox and Dwolla in a rather sloppy way, and Europe meeting in order to create information exchanges between nations, the clampdown on personal finance continues. European Union leaders will use a summit this week to focus on cracking down upon tax evasion throughout the EU. Leaders of the 27-member bloc will meet in Brussels May 22 to … Read More →