Bitcoin Exec Arrested For Not Spying Enthusiastically Enough

“The Post story includes this chilling little tidbit: ‘Bharara’s statement suggests that Bitcoin exchange services that color within the lines of U.S. law—collecting information about their customers and reporting evidence of illegal transactions to the authorities—don’t need to worry about running afoul of money laundering laws.’  This is straight-up extortion, essentially saying that BTC is fine so long as there is no anonymity associated with it. If the feds can weaken it further—say, below the level of anonymity offered by a sack of dollar bills—then all that’s left is to decree that it build a flexible inflation rate to be monitored by the Open Market Committee of the Federal Reserve.”

http://www.fee.org/the_freeman/detail/bitcoin-exec-arrested

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