if an american was found to be laundering euros, yen or rupees then its not insane to prevent them using directly or indirectly other currencies/forex

if caught using such their bail could be revoked and he placed in custody/jail til trial

its not precedent its just same laws that apply to other currency crimes also not excluded from bitcoin

many people think by using bitcoin creates some immunity from fiat laws.. sorry to inform you but normal laws still apply no matter what the currency is

'bitcoin projects' oh come on we all know the use of certain things are for mixing and mixing is even promoting itself as a use for laundering
no need to obfuscate it and pretend its just a 'bitcoin project', pretending this case puts all bitcoin projects under threat, the obvious clarity of this case shows it relates to mixing and laundering.. so why do people here try masquerading it as a general threat of all bitcoin utility, when in fact its clear its targeted directly for laundering/mixing

Heh to me this seems a bit too much. He even has a monitoring device which he has to keep with him at all times. The US justice system has made free a lot of worse criminals. The only difference of his situation compared to if he was in jail is that he get to see his loved ones at least and be able to eat anything he wants as well as entertain himself with other media privileges.

The clause that he can not participate in any crypto activities might be mute. I mean he is a rich man and a man with a lot of connections I am sure. I wouldn’t be so worried about him.


As cryptocurrency becomes more prevalent and mainstream we can expect the government to be more strict and try to regulate as much of cryptocurrency activities as they can. Even if technically there’s really no illegal activity happening I am sure they can make up one or two.

Sadly, Keonne's life will not be the same anymore, everything he does at this point will be watched, monitored and screened. Since he hasn't been convicted, the government has no right to seize his funds. The authorities must have taken records of all his crypto assets and addresses, and in other to discourage him from trying to spend or move them to a new address, they added the condition as part of his bail terms.

There would be no need for mixing (laundering) if Bitcoin had privacy on protocol level.

Next thing that will happen is this people who laundered money on mixing services will switch to DEX and the government will have no other option than to force mining companies to use their black list that could be automatically updated through chain analysis companies that are known to flag coins without having 100% certainty.

Your Bitcoin could be frozen forever when this happens.

I wouldn't be surprised if they also imposed rules on mining companies for transaction amounts, so you will need to ask for permission to send larger amount of BTC.
Government agencies will attack privacy on every weak spot.

They will do everything they can to control it as much as possible.

The restrictions are fairly standard. The question comes down to how much leeway the judge and courts give him. If he asks to go to someplace outside of his travel limit they can easily say yes. But they still want to know where he is. Same with crypto transactions. If he can show that he has crypto that has nothing to do with Samurai at all and needs to sell it to have some income they could come down hard and say no, or just let him sell.

I can see them restricting BTC transactions until he could really prove that it did not come from anything having to do with Samurai.

-Dave

Do we actually think this are going to remain as it has been said or not.


What if someone else close to him have access to is account or wallet and can initiate any form of transaction on his behalf and then no one knows.


Am not supporting his act neither against it to an extent, but this is the advise i have, if you're into crypto, then try as much as possible to find yourself being located in a country that permits for free zone crypto, where you will have no government related challenges and regulations concerning your crypto.

I am glad to know they did not decide to make him guilty, this indicates that something is not very serious, they just trying hard to get something to hold onto so that they could seize another crypto-related platform and could seize all of there funds and then sell them when the price will increase in the bull run. I am assuming that till bull run or ATH these US authorities will be motivated to provide protection to crypto users from these malicious actors 🙄😶🙄

Well, the restrictions are no doubt hard but they are still better than declaring him a prisoner, as he can still live his good life outside the cell, he can meet people it would be like enjoying a smartphone and internet free world, he can do good things in his this time, but no doubt everyone must have a family to fill there stomachs, I hope he would have enough resources to manage all these things. USA is not anymore for crypto users and crypto miners as the tax, and seizures has made living there more difficult.