Silk Road forums

Discussion => Security => Topic started by: JForce on October 08, 2012, 02:22 am

Title: UK Bitcoin Exchange
Post by: JForce on October 08, 2012, 02:22 am
Why are bitcoin exchanges that have UK bank accounts getting their accounts suspended? (Intersango & Mt. Gox)

Just curious as the buying and selling of bitcoins is legal.. I think Mt Gox was quite thorough with their identification verification process yet their UK Barclays bank still suspended them..

Anyone have an answer to this?
Title: Re: UK Bitcoin Exchange
Post by: isk on October 08, 2012, 08:05 am
the sad part is

all these places could get licensed [unfairly] between 1k/6k and i think even intersango did do this as a precaution before ever trading.
[still got them heat probably quicker]
but the uk weirdness makes me think it is a treasury /FSA angle being used legit or otherwise.
Title: Re: UK Bitcoin Exchange
Post by: Hooper1888 on October 08, 2012, 04:08 pm
With Mt.Gox's UK bank now shut, what is the easiest way to secure BTC in the UK now guys? I know Mt.Gox offer an international option but the excessive fees aren't going to make that option worthwhile.
Title: Re: UK Bitcoin Exchange
Post by: bertiebadger on October 08, 2012, 07:44 pm
possibly a money laundering thing