Coinseeker
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May 30, 2013, 04:44:42 PM

In other news ...

ouch

Quote
Dear Mt. Gox Customers,

In order to comply with strict anti-money laundering regulations we are now requiring account verifications for all accounts performing non-Bitcoin currency deposits and withdrawals. Please see our statement for the full explanation:

https://mtgox.com/press_release_20130530.html

Best regards,

Mt. Gox Team

Not a great surprise really ... I would imagine anyone who does not want to be verified has been getting their cash off Gox or buying BTC post Dwolla

Interesting though is the use of the phrase 'at this time' wrt BTC withdrawals ... implication to me is that it is a possibility in the future

The are either very ignorant or they really think they are outside of the reach of the USG.  This means nothing, as it relates to USD, if you don't have a MSB license.  To my knowledge, they still don't.  Speculation:  Mt. Gox is going down.  This would be a devastating blow to the Bitcoin economy.  Just looking at the market depth, there is currently ~$18 million in BTC.  And looks like ~$16 million in fiat.  And that's just what's in limit orders.  No telling how much is just sitting in accounts.  Either way, if ~$34 million instantly vanished from the Bitcoin economy, it's going to leave a mark.  Hell, people can't even read a forum post without freaking out.  The panic selloff that would result at the remaining exchanges, would be tremendous. 

Cheap coins anyone?   Grin Shocked

Good to see you're back as your FUD spreading self, never liked you as a bull anyway. Get off my lawn. Tongue

 Wink  Only it's not FUD, its law.  Continuing to dismiss everything you don't like as "FUD" only leaves you flatfooted when the ish hits the fan.  No sweat off my back....but the gif images on that day are going to be classic.   Grin