I've said it before and I'll say it again:
Bitcoin-24 made the mistake of establishing an exchange without jumping through the correct regulation hoops. When my wife signed up for an ccount she did not need verivication, no utility bills, passports etc were needed to be sent, no callback etc.
In such an exchange anybody obtaining banking details belonging to someone else, through hacking or even burglary, could quickly squirt funds far and wide to other bitcoin wallets using Bitcoin-24 as the perfect interface.
So when Bitcoin-24s main bank account exceeded some threshold and started taking serious money from new users a flag was raised and regulators realised it was an exchange and not just another online business and stepped in, freezing the account.
Regulators couldn't care less about bitcoin, its the same as baseball cards in legalese, just a tradeable item. what they bother about is interfaces to the money system, adding/withdrawing cash. But once that interface has been used then the bitcoins become linked to the cash, and so all must be frozen until investigations finish.
We can only hope that the investigators are upstanding and honest in their findings and that everyone gets their BTC and Euro back.
Why should the bank bother if the exchange has ids of its customers? Plus in germany, the country where bitcoin-24.com is from, its not allowed to demand an id as far as i read.
And isnt it the case that you can withdraw up to 1000€ every week from mtgox without having to verify who you are? I havent checked this because i verified myself with mtgox, i only have read this here in the forum yesterday.
So i dont see why the banks should bother if the exchange has documents. It might be happen that mtgox gets similar problems in the near future because they use the same, up to now, safe bank. At least for europe.
