Quote:
Originally Posted by Captain Kawaii
Bitcoin exchanges are already losing their bank accounts, http://bitfloor.com. Putting money in and taking out will always require a bank. Its seems DOTreasury, the FEDS and others are waking up to bitcoin. Place to attack illegal activity will be at the bank level. Not hard to do it seems.
Paypal I am sure will wait to see what happens. Bitcoins a cool idea, just people involved are ???? |
If an illegal site accepts bitcoins, then the site owners fund their paypal account using the bitcoins and withdraw it to their bank account, how can this be blocked at the bank level?
Paypal won't know where those bitcoins are coming from, nor any bank... the bitcoin transaction removes the link between the illegal site and paypal/bank.