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Comment Re: Really? (Score 1) 128

"Nope" to you. Including those entities as "obligated entities" has the effect I described. 4AMLD requires that obligated entities not keep anonymous accounts, and if any anonymous account exists (from before the time it came into effect, or covered the account in question), that they do Customer Due Diligence before the account can be used.

Next time, do more than 30 seconds of research before spouting off your mouth. Governments make these regulations a nearly impenetrable maze on purpose.

Comment Re:Really? (Score 1) 128

Bought bitcoins? Sold them? In exchange for what? Drugs? Guns or bombs? Pirated movies? This isn't looking very good for Bob the Bitcoin Launderer.

The police found out that wallet X is Bob's (because he exchanged bitcoins for something useful), and that Bob was illegally hiding ownership of that wallet. Bob is probably going to end up with the burden of proving that each transaction from wallet X was with a third party, rather than Bob trying to launder bitcoins to other wallets he controls -- after all, the government knows Bob was trying to hide his bitcoins. Otherwise the law might say he must forfeit a monetary equivalent to those bitcoins, even if he claims to not own them any longer. On top of that, Bob will need to pay a transaction fee whenever he shuffles bitcoins between wallets.

Comment Re:Really? (Score 5, Interesting) 128

You overlooked the "self-declaration" forms for people using virtual currencies. That translates to making it illegal to use Bitcoin (etc.) without telling the government about your wallet(s) -- probably upon pain of hefty fines. You might not get caught if you only keep funds in Bitcoin form, but if you ever try to redeem it for goods or services in Europe, be prepared to fess up.

Comment Re: Harm vs punishment (Score 1) 126

Was MegaUpload itself responsible for the $400M damages, or did it just knowingly profit from the infringement? Was this defendant largely responsible for MegaUpload's share of the damages, or did he just aid and abet the principals of the scheme? As I see it, he is at least two layers removed from the full damages that he "acknowledged" as part of his plea agreement.

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