Warning: This Crypto Exchange Will Steal Your Money [VIDEO]

Government gangs today know all too well the power of doublespeak, since political propagandists used 1984 as an instruction manual. They constantly use terms that mean the exact opposite of what’s actually going on.

Take for example, the “Department of Defense”. By now, anyone who has been paying attention for more than five minutes knows the DoD’s primary function is to plan and execute offensive maneuvers.

Then there’s ““money laundering”, which according to the state is when you hide the origins of money you’ve obtained “illegally.”

In reality, laundering money is more like retaining privacy over your own assets and avoiding prying thugs who want to extort you, like the IRS.

Meanwhile, state vultures have circled over the crypto market for years, seeking regulations to stop us or simply monitor and track it all—mostly to no avail.

One of their most recent efforts involves the use of pervasive “Know Your Customer” laws, wherein they’ve actually managed to intimidate popular crypto exchanges into demanding private data from their users.

Recent revelations have exposed HitBTC, a crypto exchange based in Hong Kong, as capitulating to government-imposed KYC policies. The company is forcing people to reveal personal details or lose the ability to remove their assets from the exchange.

I cannot stress this enough… Always keep as little on exchanges as possible!

Luke Dashjr, a bitcoin core developer, explained on Twitter how he learned this the hard way:

“They’re locking accounts and making unreasonable demands for private information, which many people can’t provide even if they wanted to. And when you don’t/can’t comply, they just keep your bitcoins instead of closing your account and sending them to you.

Citing their ToS, they claim the user agreed to cooperate with the KYC when they signed up. But the KYC nonsense wasn’t in their ToS until recently, long after most people signed up. Indeed, many people probably signed up specifically because HitBTC had a reputation of no-KYC.

And while every exchange does update their ToS from time to time, HitBTC’s explicitly said they would notify customers of any changes. They did NOT give any notification of adding the KYC clauses.”

Needless to say, we highly advise NOT USING HitBTC—no corporation should be rewarded for “negotiating with terrorists.”

There are enough challenges to worry about with government thugs breathing down our necks—we don’t need the private sector kowtowing.

I reported on this and more while walking along the beaches of Anarchapulco.

Watch The Full Video Here:

Of course, there are still a few reputable places to invest your money and increase your wealth—but I’ve seen too many scams come and go over the years, so I’m always quick to sound the alarm when a new bad actor pops up.

It’s one of the reasons The Dollar Vigilante has thrived for so long. Through a commitment to the facts and deep analysis of market behavior, we’ve stayed ahead of the game—to the benefit of those subscribed to our exclusive content.

Our advisors are turning investors into multi-millionaires, but registration for The Crypto Vigilante is CLOSING at MIDNIGHT (EST) on Monday evening, which is also when our first micro-pick will be announced!

We want to make sure our members can get all questions answered promptly, so we’re only accepting a limited number of people to join at this time.

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Jeff Berwick

Anarcho-Capitalist.  Libertarian.  Freedom fighter against mankind’s two biggest enemies, the State and the Central Banks.  Jeff Berwick is the founder of The Dollar Vigilante and host of the popular video podcast, Anarchast.  Jeff is a prominent speaker at many of the world’s freedom, investment and cryptocurrency conferences including his own, the world's largest anarcho-capitalist conference, Anarchapulco, as well as regularly in the media including CNBC, Fox Business and Bloomberg. Jeff also posts exclusive content daily to the new blockchain based social media network, Steemit.