Friday, June 7

Exchangers - what is going on with them?

Hello everyone!

After Liberty Reserve seize US authorities is taking next step and they start to take exchangers down as well. Some of domains are already seized, but it will be not that easy to shut them down for real and I do not expect that in reality any exchanger to be closed, except ones in US, why? Read following article.

When US authorities took Liberty Reserve down then they also after a while started to seize lot of exchanger domains. Exchangers is like a blood to make any e-currecny to live, so when there is no
blood then body can't exist. US released document with exchangers what needs to be shut down. Actually they already started to seize some domains, like wm-center.com but exchangers are not  easy nuts and it is not that easy to crack them. I have read that wm-center.com is still operating and processing orders like before, use it spanish domain wm-center.es.

Many of exchangers already started to move on new domain names and sent out e-mails to people where they can continue to use their services. I think it is just reasonable, because mostly all of them are located outside US and physically to take them down in many cases will be almost impossible. There is lot of job to do in this case, seizing just domain name is not enough, you need to arrest money what they own. Yes, I agree if you arrest their bank accounts then it is possible to take exchanger down easily. If exchanger is located in US of EU, then it is possible job, but if it is located in third country outside both US and EU impact zone then it is almost impossible. 

Some of exchangers even radically changed it looks, like for example ecardone.com to dagensia.eu what is actually good move, they already have client base and also they will attract new customers with this new look. I think many exchangers will take step like this, but for ecardone.com it was already planed move for them, but closure of Liberty Reserve sadly of luckily escalated that to happen faster.

In reality we can see some similarities with online poker business, when back in 2011 US released information that "online poker companies indicted for fraud". What they did after this? They just stopped accepting members and funds from US. Today online poker industry is doing well even without the US, and now they do not have to worry about the US and possible problems what they can cause. Yes, I agree in US people have money and if you can make money by offering services what they need then - why not? But for people who want to deal with US I want to remind that people in other places around the world also have money. Problem with US is not the people itself, but big influence of banking people in government and other institutions what can influence many law related institutions and they can take down almost anything.  


World do not love to keep empty seats, when someone dies then there is new one who will take its place. In the end I want to say, that for people who use exchangers nothing will change, there is no need to worry about exchangers, because mostly all of them will be able to recover after such small things as domain seizure and even after Liberty Reserve crisis.

If you have something interesting to tell about exchanger topic, just leave comment below for all of us.

Come back again,

David
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