fris

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Supz

No response to this. Weird.

ContentPimp

uncle sam has put on his control hat

bean-aid

$300 to $60 in 1 week then return all funds at $60. Nice...

96ukssob

Paging Dirty F...

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Google Expert

Frank is too busy crying.

AllAboutCams

Does anyone care? no as there is still btc-e and mtgox

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baddog

That can't be true; I've been assured by Franck that bitcoins are the future.

Emil

What a shock that a bankaacount gets shut down in the LAND OF THE FREE......... Who could have guessed that?

Whatever the future is you're not in it old man.

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Dirty F

?? I don't work there?

Dirty F

Just some guy who fucked up. Happens everywhere, all the time. The exchange is very small compared to Gox.
No problem whatsoever.

Dirty F

Poor guy. Getting totally clueless and confused at his old age.

Paul

How many people where running Bitfloor? Was it a one man operation like Bitcoin-24?

MainstreamGuy

another fail of this ponzi sheme, lol.

Google Expert

Fantastic! Bitcoin investors must feel much saver now, knowing that the biggest bitcoin backer its a nerd video game website named: "Magic - The Gathering Online"

http://en.wikipedia.org/wiki/MTGO

pimpmaster9000

but buttcoins are so successful and they shine and sparkle, how could this be??? I thought buttcoins were untouchable? LOL

I told you so...

DWB

Just like I said, they will go after the bank accounts. All of these exchange companies using a US bank account are fair game if whatever authorities feel they need to be shut down, or the bank decides they don't want to do business with them. They all have to go through the same banking procedures as everyone else, or risk being shut down. You can't have anonymous banking transactions and expect to stay in business if you're using the US dollar. This is why you have to be verified to make large transactions, because that information will be given to the government, just as if you do the same thing in an actual bank.

This is the same reason companies like Paxum need your IDs, bill copies, blue ink, and a pint of blood. There are rules that these companies have to abide by. That simple.

Hopefully the other exchangers will learn something from this and jump through whatever hoops they have to in order to keep their bank accounts.

Paul

This is the reality of the situation, also for the most part it's the same in the UK & EU due to their anti money laundering regulations.

Mt Gox in many cases won't let people withdraw money now unless they are verified I.E. Passport & Proof Of Residence etc

ATM Governments/Banks don't seem to care about the Bitcoin Exchanges if they are following all the rules which sites like Mt Gox & Bitcoin.de currently do.

I'd still be wary of Bitstamp.net banking in Slovenia & BTC-e.com they are Russian, I assume they have a Russia bank, can anyone confirm?

Caveat emptor as always

jscott

Bitfloor closing was due to happen for a long long time, read up on it's past and you'll know why.

Dirty F

I wasn't even gonna bother. You think the haters care? Did it occur to you none of them read anything Bitcoin related? They are completely clueless.
They just take what they can to cry about without using any common sense.
I haven't seen such a sad and pathetic crowd on gfy since the truthers started posting here.

I won't reply to them anymore. I have most of them on ignore and i couldn't care less what they say anymore.
We'll make money and adept.
3 years from now they will still be just that, crying little bitches who were left behind.

jscott

Ya I mostly agree. Most are just happy they read a title "something closing" or "something shut down" or "bitcoin crashes" or something, a lot of them get all happy and post about it.

They obviously can't read, or too lazy to read, the real truth, facts behind why. They are article title readers only hehe.

MikeRoth

bitfloor was the largest? I thought it was the smallest...

The real exchanges don't use US Bank accounts. Bitfloor was just a terd trying to ride the coattails without knowing what's what.

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DWB

If they are exchanging US dollars, they are probably tied into a US bank somewhere. This is why MtGox wants documentation to verify users who want to make large exchanges.

MikeRoth

I think MTGox uses a bank in Japan as they are based in Japan. I'm not aware of any MTGox documentation verification except when withdrawing or depositing with Dwolla. As I've never submitted any documentation to them but I'm not swinging $100k so maybe there's something new.

I'm fairly certain Hong Kong is home to some of the largest illegitimate banking industries in the world. And I know for a fact A LOT of money laundering goes through Hong Kong banks under fake corporations filed in St. Vincent and the Grenadines.

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WarChild

Whoa hold on there! Baddog has shown himself to be not only a brilliant marketer but also a true innovator! I fully expect to see him start his own exchange, well after the concept has already been proven successful by others, and market it with a cutting edge campaign along the lines of "Got Bitcoin?". Well, either that or take pictures of bitcoins. Either way, sheer brilliance!

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DWB

Right, because Dwolla pays out to US dollars.

But this is how they word it for general use:

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Account Verification
To prevent your account from being locked, please provide complete, correct information.

In order to be upgraded to a verified account, we need a proof of residence document. This is usually either a Utility Bill, or a Tax Return.

Please scan a copy of your residence proof and upload it on this page. Note that:

It cannot be an envelope or a bank statement.
It cannot be edited or censored in any way.
It must be either in JPEG (.jpg), PNG (.png) or PDF (.pdf) format.
It must have been issued within the last 6 months.

----------

They want a 300dpi government ID scan and a current proof of residence document, tax statement or utility bill.

Who else does this? Oh yea, Paxum and a few other large money services / card companies. The banks they deal with demand it.

This isn't for keeping your account from being locked. This info is going right to the bank, no matter what they are telling their customers.

MikeRoth

That's why I quit using them though, but are they forcing all new accounts to become verified? is it still just for Dwolla? Or is it for the large account holders of $100k?

I don't know if all non U.S. banks would have that requirement. The people I know that money launder have setup fake offshore corporations filed under a company which uses a sort of proxy board of directors as the owners of the company and bank accounts leaving you virtually anonymous. Of course the company you use has your information but it's a federal crime to release that information in St. Vincent. But we all know US Gov does what they want and could obtain it somehow.

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grumpy

the money is in motion.

Who will bring back the leaking waterjug??

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dyna mo

these btc threads are........i'm done.

adultmobile

I exchange epassporte wallet for bitcoins

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_Richard_

i think bitcoin is going to get beat the fuck up by the banks

pretty sure anyone dealing with BC is going to find that they're 'bank accounts are unfortunately closing'

MikeRoth

oh god, What's the longest the gov can freeze all your banks and assets for these days? 1 year or 5 years? A friend had all his accounts frozen by the gov for "alleged terrorist activity" almost made him homeless. Let's pass more privacy invasive laws to "catch terrorists"

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