Quote:
Originally Posted by isteve
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.
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Ask the fellers at bitfloor. Their bank in the US already shut their shit down.
I worked at a company years ago that was audited by the GAO as we were a FED contractor. They do not throw their hands up and go, "Golly, gee, where did that money go and where did it come from?" Must be magic or something. Oh, well, I guess we'll never know."
Bitcoin may be a cool thing but banks aren't going to roll over.
