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The Liberty Reserve Effect: Mass exchangers domain seizures

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Sonic

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A few weeks back Liberty Reserve domain was seized by the US government in an ongoing investigation for money laundering & CP charges.

LR was a popular e-currency used for legal & illicit activities. The only way to withdraw money from Liberty Reserve is through 'exchanger' services.

Today I noticed that two popular exchanger services were seized by the US government:
http://alertexchanger.com/index.html (Official Payza exchanger)
http://wm-center.com/index.html

For my luck, I don't have any account on LR. It looks like they are investigating each transaction.

Who's next? Payza or Webmoney (blocked US user accounts) :wave:
 
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I doubt webmoney would go down since all these crackdowns are conducted by US Government. Webmoney doesn't cater to US Residents which means US doesn't really have much to lose even if webmoney is involved in shady business.
 
Payza is run totally different, it will not be shut down. They make sure they are legal before they operate in a new country.

Those exchangers never had a license to operate as money transfer services.
 
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From my point of view Webmoney can be seized. Thats why they blocked US.

Most exchanger transactions to LR were:
Webmoney ------> LR
LR -------> Webmoney


Surely Perfect Money and Pecunix are the next. Webmoney will take a little bit because its a big company based on Russia.
 
Sonic said:
From my point of view Webmoney can be seized. Thats why they blocked US.

Most exchanger transactions to LR were:
Webmoney ------> LR
LR -------> Webmoney


Surely Perfect Money and Pecunix are the next. Webmoney will take a little bit because its a big company based on Russia.
Click to expand...
if webmoney is gone, their is no payment processor left.
 
There will still be western union, paypal,payza,wire transfers etc. Webmoney cannot be taken down by the u.s. government, it doesn't work with u.s. citizens or residents. Therefor its out of the jurisdiction of the u.s. government.
 
Except the bitcoin of course. But if they crack down on the likes of MtGox and Bitpay, then even Bitcoin will die as it handles most of the bitcoin payments.
 
Well, in Russia recently lunged cash4wm.com -They are like Payment processor + Ex-changer. Got money, exchange it and take it out. Upload money convert it at cash4wm and use it.

Webmaoney - Already BAN US so there is less chance
Payza - Dubai Company but office at CA. So maybe there is a chance. SO move your money to Egopay today!

Thanks
 
not remember correctly - When Payza made his office in Mumbai - They are money transferring via Dubai. They are registered in Dubai in diff name like MH Pillars Ltd (In London)
 
Regional Offices
Mumbai, India

But they didn't mentioned that Dubai office. Maybe they shut it down or anything.. I will do some research on it soon ;)
 
Banning the US and it's citizens from using a service does not protect a company. You all need to understand that this government acts as a World-Police force. They have money invested in other countries and not just the US. If they feel that a processor is a threat, then they will take them down. It might reduce the risk slightly for some time, but if they are engaging in enough illegal activity, you best believe that someone will take them down. If it's not the F.B.I then it will be a course action by Interpol to uphold what the Governments of the world proclaim to be a legal enterprise.

You have been warned time and time again. People always think that they are "smarter" this time around. Prisons are filled with many people who thought they were the "smarter" ones. Banning the US only makes it worse because those services are now sticking out like a sore thumb.
 
The Us need to get banned from this planet....Why the us government dont take down paypal?It is clearly that paypal is also used by criminals,but i never saw that paypal facing investigation.

Alertpay was also taken down by us government,when paypals popularity falling down...

fucking economic speculators....
 
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If your business is outside the US and does not operate in america or with american's there is nothing america can do FACT.
You operate under the laws of the country your business operates in and no other laws are valid.

America is not the world police and never will be,they just wish they are(Dreaming)

That's like me ringing up my local cop and saying can you arrest an american in america cos i think he is stupid!!
 
Because Paypal has licenses, Liberty Reserve did not. They didn't even have a basic business license to operate in Costa Rica.

Alertpay was not shutdown by u.s. government, Canada revoked their license after one of their eymployees was approving CP sites. Then MH Pillers bought it and created payza.
 
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Paypal was sized long time ago. When paypal has a single owner. FBI putted him into the cage but paypal's popularity couldn't stopped it. The domain company (something with ***DNS! not remember the name) refuse to dispatch the domain (Paypal.com) and that day paypal earned his first 10 Billions. Paypal owner got out and started cleaning Paypal. No Adult payments, No Tobacco even they stopped selling Fishing roads via Paypal Payments (Was pretty disgusting). I the mean time Google from a company eBay for selling goods. eBay most likely sell used goods so every day they face complains, charge backs and other fucked-up situations. So they decided to buy Paypal. But it's not possible because paypal real owner get really rich. So the eBay big guys match up with FBI and take the Paypal owner into the cage again - then force him to sell his company. At last after long time he gives-up and eBay bought the paypal.
But you can ask WHY paypal? Why not any one else or eBay could create a company by him self - why not?
>> Well, ask your self. [No offence] U.S people (most rich) not like to build anything. What they like is to tread some one else property. Paypal was already famous so creating a new business and established it really painful job. Unless you already by the legend your work cut down almost 90%. That's why they did.

LR will be the next Paypal. U.S Govt knows that. That's why they take LR into the cage. The same rule - Can't be 2 gods in a same planet. One should be die.

If you look at the pattern - You see.. They shutdown specific websites who has good PR and Alexa RANK. It could be any one - File sharing companies, Movie Sharing websites and now Payment processors.

You don't believed - FBI recently shutdown my Social Networking site. And showed me stupid reasons.. I'm hopeless now - How could a Social Networking site would be harmful. :(
 
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