NEWSFLASH: In another demonstration that the United States is no longer the Land of the Free, the Department of Homeland Security has just seized the US bank accounts belonging to Mt. Gox, the world’s largest Bitcoin exchange. This certainly underscores the importance, once again, of diversifying internationally.
The Department of Homeland Security issued a seizure warrant to Dwolla, a US e-commerce company that provides online payments, for the money in Mt. Gox’s Dwolla account. The seizure of funds was triggered by an alleged failure of the company to comply with US financial regulations.
This is just another reminder of how governments operate when the going gets tough– they regulate, monitor, confiscate, restrict, and steal.