Remember when the U.S. Department of Justice ⚖️ (doj) made an announcement on #Bitzlato: they have charged the #crypto exchange and arrested its founder? 🚔
I saw a lot of people mocking the news, because this platform was not widely known...
🚨This is NOT funny and here's why you should care🚨
First of all, if you go to the #Bitzlato website, you will see that it has been seized and closed.
You can also see that the operation was carried out in collaboration with the police, justice and regulatory services at the international level 👮♂️🌍
One thing that is really important to note is that the platform and it's founder is officially charged on money laundering, and facilitating of money laundering for Hydra Market: a darknet platform where illegal and criminal products and services were sold
What may have also put a target 🎯 on #bitzlato's back is the fact that the platform specialized in exchanging crypto for #ruble, the Russian currency
The founder was arrested in Miami, five of his alleged accomplices were also arrested in Europe
⚠️Here comes the interesting part for #bitcoin & #crypto enthusiasts:
#Bitzlato was in fact a #p2p exchange, with 0 fees‼️
The US justice criticized it for adopting a "minimal identification" policy for his clients, "bragging" about not asking no selfies nor passports
You NEED to understand: they try to create a precedent:
- No platform should let people trade without a #KYC 🚫🪪
- If you contribute to P2P exchange you may face charges 👨⚖️
- Criminalization of P2P trades 🚓
👉Do crypto, but you HAVE TO be fully KYC'd and use a trackable intermediary
Privacy and confidentiality are in great danger. People are making fun of #Bitzlato but it was an easy pick that they can justify in the name of good against evil (Russia, Darknet...)
while you're laughing at them they're placing their pieces on the chessboard.
#p2p and freedom is in great danger, we need to support #nostr and all other tool empowering individuals against centralization and total control of the states
If you appreciate this thread, do not hesitate to #zap it, but repost it would be even more appreciated!
Give me a follow for more!
#plebchain #btc #p2p #kyc #bitcoin
First of all, if you go to the #Bitzlato website, you will see that it has been seized and closed.
You can also see that the operation was carried out in collaboration with the police, justice and regulatory services at the international level 👮♂️🌍
One thing that is really important to note is that the platform and it's founder is officially charged on money laundering, and facilitating of money laundering for Hydra Market: a darknet platform where illegal and criminal products and services were sold
What may have also put a target 🎯 on #bitzlato's back is the fact that the platform specialized in exchanging crypto for #ruble, the Russian currency
The founder was arrested in Miami, five of his alleged accomplices were also arrested in Europe
⚠️Here comes the interesting part for #bitcoin & #crypto enthusiasts:
#Bitzlato was in fact a #p2p exchange, with 0 fees‼️
The US justice criticized it for adopting a "minimal identification" policy for his clients, "bragging" about not asking no selfies nor passports
You NEED to understand: they try to create a precedent:
- No platform should let people trade without a #KYC 🚫🪪
- If you contribute to P2P exchange you may face charges 👨⚖️
- Criminalization of P2P trades 🚓
👉Do crypto, but you HAVE TO be fully KYC'd and use a trackable intermediary
Privacy and confidentiality are in great danger. People are making fun of #Bitzlato but it was an easy pick that they can justify in the name of good against evil (Russia, Darknet...)
while you're laughing at them they're placing their pieces on the chessboard.
#p2p and freedom is in great danger, we need to support #nostr and all other tool empowering individuals against centralization and total control of the states
If you appreciate this thread, do not hesitate to #zap it, but repost it would be even more appreciated!
Give me a follow for more!
#plebchain #btc #p2p #kyc #bitcoin