Silk Road forums

Discussion => Newbie discussion => Topic started by: donkeyhorse on May 08, 2013, 04:35 am

Title: Q. Can Bitcoin be used to buy drugs online?
Post by: donkeyhorse on May 08, 2013, 04:35 am
Still trying to fill out my newbie 50, and thought this would be interesting/entertaining to some folks here:

clearnet link:
http://www.londonlovesbusiness.com/entrepreneurs/famous-entrepreneurs/how-23-year-old-charlie-shrem-became-a-millionaire-through-bitcoin/5439.article


Quote
Q. Can Bitcoin be used to buy drugs online?
That’s bullsh*t. I have processed over $14m and there’s not one terrorist or criminal activity that has been used through my system. We monitor all money laundering protocol, all major customer policies and we’re licensed in 48 out of the 50 states in the United States.

The US government has applied money laundering rules to Bitcoin. Therefore, the currency is regulated like Western Union. Companies trading Bitcoin need to fulfil bookkeeping requirements and have to declare any transaction of more than $10,000.
Title: Re: Q. Can Bitcoin be used to buy drugs online?
Post by: BongSong on May 08, 2013, 04:44 am
no i dont think so
Title: Re: Q. Can Bitcoin be used to buy drugs online?
Post by: donkeyhorse on May 08, 2013, 04:52 am
Of course, I have no direct knowledge of such, but I would imagine anything bought with bitcoin is all on the up-and-up...  Drugs are bad, mmm'kay?