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Financial Privacy Under Fire: DHS Freezes Bitcoin Money Transfers

posted May 16, 2013, 6:39 AM by Prep Experts
By Mac Slavo
May 15th, 2013
Financial privacy free of government intrusion and interference is dead.
In what seems to be the government’s latest attack on private transactions between individuals, the Department of Homeland Security has shut down funds transfers operated by mobile processing platform Dwolla, which is responsible for managing transfers for the BitCoin digital currency exchange.
Details are still sparse, but a spokesperson for U.S. Immigration and Customs Enforcement (ICE) confirms that an investigation is in progress and Dwolla is no longer able to accept currency transfers for its customers.
The court order has yet to be made available for public scrutiny, but sources close to the Bitcoin Ecosystem have suggested that this may be the first of many coming government investigations into the cryptographic digital currency which makes it possible for money transfers to be made without intrusion, verification or a paper trail...