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Bitcoin Users Will Freak Out When They See The Cruise Missile The Justice Department Just Fired Against Another Digital Currency

Tuesday, May 28, 2013 - 5:42 PM
Today, the Department of Justice arrested the founders of Liberty Reserve, a digital currency service, and charged them with money laundering.

Created in 2006, Liberty Reserve was both a virtual currency — its denomination was  called "LR's" — and an allegedly illicit wire transfer service. According to DOJ's complaint, the scope of Liberty Reserve's operations was almost exclusively limited to criminal activity.

But as the FT's Stephen Foley Tweeted, the text of DOJ's complaint is a cruise missile across the bow of Bitcoin users.

http://www.businessinsider.com/implications-of-liberty-reserve-for-bitcoin-2013-5
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ShorebreakShorebreak2,603 posts since
Apr 6, 2010
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