Does anonymity mean criminality? Bitcoin feels Liberty Reserve pressure

The anonymity implicit in Liberty Reserve’s operating model has been branded as a signature of its criminality. It's a perception that spells danger for many other services that offer anonymous exchange of funds, including Bitcoin.

The shutdown of online currency exchange Liberty Reserve and the arrest of its CEO and founder Arthur Budovsky may not have surprised some in the security industry. The company did not require its users to establish their identities and further removed themselves from direct contact by accepting withdrawals and deposits only via third party brokers.


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