The U.S. government seized virtual currency Liberty Reserve this week. Cybercrime underground denizens have been progressing through the classic stages of grief, from denial to anger and bargaining. Bitcoins conversion rate fluctuates far too wildly for communities accustomed to virtual currencies tied to the US Dollar. Bitcoin’s biggest exchanger, MtGox, today posted a note saying that it will now be requiring ID verification from anyone who wants to deposit money with it in order to buy Bitcoins. But some seasoned and reasoned members of these communities point out several aspects of Bitcoin that make it especially unsuited for everyday criminal commerce.”]
Source: https://krebsonsecurity.com/2013/05/underweb-payments-post-liberty-reserve/