Wasn’t bitcoin going to be a currency that fights the state? It seems like it was just wishful thinking. The digital currency is merely another tool in the arsenal of government monitor and tracking.
Over the weekend, it was reported that Cryptocurrency payment processor Coinbase prohibited the WikiLeaks Shop without any explanation. The web store offers a wide array of goodies to help fund their journalism and publishing.
Nothing they did was illegal.
So, why did Coinbase ban the account? Government meddling of course.
From The Gateway Pundit:
When asked by Gateway Pundit why the payments were cut off, the person from the shop explained that they have no idea. “We asked them why numerous times, made numerous phone calls.” They only received a form letter in response.
The response, provided to the Gateway Pundit, explained that they are “a regulated Money Services Business under FinCEN (FinCEN.gov), and as part of our responsibility, we are legally obligated to implement regulatory compliance mechanisms.”
FinCEN is the financial crimes enforcement network of the US Department of the Treasury.
This isn’t the first time that WikiLeaks has been subjected to such tactics.
In 2010, after they published the logs pertaining to the Afghan and Iraq Wars, PayPal shut down its account, claiming that the organization violated its terms of agreement. The website faced a lot of outrage and backlash over the move. The person who spoke to GP thinks the same could happen to Coinbase.
“I don’t think Coinbase understands the potential ramifications of them banning WikiLeaks Shop. It will be seen as banning WikiLeaks itself. Our supporters who are also strong supporters of bitcoin may potentially be very displeased to hear that Coinbase has banned us and not given us a reason,” our WikiLeaks shop source explained. “When PayPal and MasterCard blockaded WikiLeaks organization they faced immense backlash and subsequently reversed their action.”
As Ron Paul wrote in “The Revolution: A Manifesto,” truth is treason in the empire of lies.
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