Bitcoin-Central, first exchange licensed to operate with a bank. This is HUGE - page 2.

sturle

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sturle - You really need to grow up and get some common sense. If I operate a financial institution anywhere in the world and I have customer in USA or EU and I transfer money from that person to my account I have to register as a money transmitter in the country where the customer is.

This is simply not true. Get some common sense yourself. I have many customers from the US, and I never registered as a money transmitter anywhere. I use banks for all my money transmitting. Banks are licensed as money transmitters in the countries they operate in. My own bank has not licensed as a money transmitter in the USSA either, but sends my money via banks which have. No special licenses are needed to exchange bitcoins in my country, and I don't need any special licence to sell abroad either. My country has a long tradition of international trade, and it is encouraged.

Quote

If you want to believe some of the delusional people on here you are welcomed to do that. I suggest you listen to the interviews with the US Money Transmitter Association that played on Lets Talk Bitcoin. There are 2 long interviews in 2 different shows. They explain the requirements that money transmitters have to go through. You just keep repeating nonsense and if what you said was true I would be probably be trading on Kraken right now.

Sorry, but I couldn't care less about US funny-laws. I keep to the laws of my own country, and know I won't get in trouble for that.

MPOE-PR

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Quote from: ?? on ??

I suggest you listen to the interviews with the US Money Transmitter Association that played on Lets Talk Bitcoin.

I suggest you stfu, figure out exactly where your position is in this soup and get better sources. Preferably in that order.

There's a reason nobody gives a shit what you think on any topic. That reason isn't that you've seen some truth other people missed.

sturle

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Quote from: Phinnaeus Gage on November 24, 2013, 03:27:11 AM

Let me guess. Mt Gox no longer serves US customers because Mark K. doesn't like baseball, hot dogs, or apple pie.

MtGox still serve customers in the USSA. Yes, it is true that the USSA has enforced some restrictions on the movement of USD to and from MtGox, but MtGox still let people from the USSA trade and transfer bitcoins. It is possible to withdraw USD as well, only delayed and with high bank fees. Japan allows people from the US to start a company in Japan and get a Japanese bank account, which makes fiat restrictions a non-issue.

sturle

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Quote from: ?? on ??

If you provide financial services to US citizens and you transfer funds from a US citizen to that financial institution then you are a money transmitter in the US and you have to register. The same is true in the EU. See http://www.hmrc.gov.uk/mlr/your-role/EU-payments-reg.htm#2.

False. If you provide financial services in EU or in the USSA you have to register. It doesn't make any claim regarding where your customers happens to be located. The laws in some non-free countries restrict trading with foreigners, but this is not common in the EU.

Phinnaeus Gage

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Bitcoin: An Idea Worth Spending

Quote from: ?? on ??

Of course any company that services US citizens by providing money services must be registered with the US Treasury Department and with some specific States depending on their specific rules. There is no entity with the name (or "doing business as" name) of "paymium" listed as being registered to offer money services to US citizens.

Actually, no. US laws do not apply in most of the world, you know ?

Quote from: ?? on ??

Can you explain why your company is not listed in the directory at http://www.fincen.gov/financial_institutions/msb/msbstateselector.html and what recourse there is for US citizens who claim to have lost funds trying to use your service?

- Because it doesn't have to.
- The official court of law is (probably - I didn't check) "Tribunal de Commerce de Paris - 1 quai de Corse - 75001 PARIS - France". A french lawyer might be useful.

Disclaimer : I don't have anything to do with Bitcoin Central - I am just one of their customers.

If you provide financial services to US citizens of course you are required to comply with US laws. Otherwise you see a whole bunch of exchanges servicing US customers.

Let me guess. Mt Gox no longer serves US customers because Mark K. doesn't like baseball, hot dogs, or apple pie.

Hope I helped drive the post I quoted closer to home with my bunt. BTW, who's pitching? I'll break your nose if you say Who's...

aminorex

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Sine secretum non libertas

No, Milly, that is not common sense. It is an offense against the laws of God and nature, and the arrogance of the U.S. in attempting to impose its laws upon the entire world is sheer hubris which will bring divine judgement. You can see it already beginning. Prepare to answer for your complicity before the judgement seat of the Almighty.

sturle

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Quote from: ?? on ??

No, they do not magically apply. When businesses seek customers in another jurisdiction at that point they have agreed to abide by the laws in that jurisdiction (at least some of the laws depending on the circumstances).

No, there is no agreement there. I am only bound by the laws in my own country when I do my business from here, no matter who I trade with. I can even write stuff on the internet which is forbidden in many other countries without risking arrest, because I live in a country where I can write whatever I want legally. No court in my country will judge me based on the laws of some other country.

If you live in an country where you are magically bound by the laws of other countries laws when doing trade, I suggest you get out of there. There are a lot of strange laws around in really thick lawbooks in foreign languages, and there may be surprises in there for you. Perhaps you broke some weird French law, and the police will come for you. I wouldn't risk it. Sounds like your country is trying to forbid trading with foreigners.

sturle

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Quote from: ?? on ??

If you provide financial services to US citizens of course you are required to comply with US laws. Otherwise you see a whole bunch of exchanges servicing US customers.

If you do the business in the USSA, yes. If the business is conducted in a different country, the laws of that country apply. You will still have to follow your laws, your business partner has to follow the laws in his country of residence, and you both are bound by the laws in the country where the trade is conducted. Laws in other countries do not magically apply to any of you.

marcus_of_augustus

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Quote

If you provide financial services to US citizens of course you are required to comply with US laws.

Ummm, actually I do not see that logic as axiomatic as you state.

By that screwed up logic the laws of Seattle City would apply to a Seattlite while visiting Portland and the Portland City would be required to enforce them, wtf?

Surely it is about jurisdictions? Who cares where the person comes from as long they are abiding by the laws in the land where the activity is taking place? Bullies throwing their weight around is just plain ugly sometimes.

davout

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1davout

Quote from: thatbluedude on November 21, 2013, 01:10:08 PM

davout, could you give us a rough estimate of the verification backlog?

thanks

Around 1300 people.
Around a hundred are processed every weekday but we should soon be able to have three times more handled every day.

Phinnaeus Gage

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Bitcoin: An Idea Worth Spending

Quote from: Boussac on November 11, 2013, 09:22:04 AM

Quote from: davout on November 08, 2013, 04:16:56 PM

Quote from: tvbcof on November 08, 2013, 03:10:29 PM

You didn't even get a message to "Take your meds"? That's odd. I would have thought that ~davout would have coded that standard response into an auto-responder by now.

Seek some help.

Put the (paranoid attention-craving tvbcof) guy where he belongs : on your ignore list.

I may, or may not be on a quoting kick today.

thatbluedude

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davout, could you give us a rough estimate of the verification backlog?

thanks

Boussac

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e-ducat.fr

Quote from: davout on November 08, 2013, 04:16:56 PM

Quote from: tvbcof on November 08, 2013, 03:10:29 PM

You didn't even get a message to "Take your meds"? That's odd. I would have thought that ~davout would have coded that standard response into an auto-responder by now.

Seek some help.

Put the (paranoid attention-craving tvbcof) guy where he belongs : on your ignore list.

boozezela

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Quote from: davout on November 08, 2013, 04:16:56 PM

Hey, sorry about that, we actually checked it and concluded that there wasn't anything to fix on our end, apologies for forgetting to answer. It seems to be a font aliasing issue on your side, I found a Vista system to test it on and couldn't reproduce the issue, wasn't reported by anyone else either. Look into your aliasing settings and tell me if it helps.

If other people experience this issue they're welcome to comment.

I have noticed that every site using the Roboto fonts looked like shit using IE 10, Chrome 29 and Firefox 25, with or without ClearType, so this looked like a "system" wide problem. Then it came to my mind to check what fonts were installed in the system and I have found I had installed what was probably an old version of Roboto.

I have deleted it and now all the sites that were rendering in a problematic way look like they should.

So this was entirely my fault, sorry for the inconvenience. I hope this could help people with the same issue (and to the hell installing fonts).

DAN444

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lol

davout

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1davout

Quote from: boozezela on November 08, 2013, 01:19:52 PM

I am not writing this to bash the service or whatever (BTW I am still waiting for verification to happen for many days as well), however I have opened a ticket suggesting not to use Google fonts that are unreadable on a desktop web browser and the ticket has been sitting there forever unacknowledged and unanswered.

Hey, sorry about that, we actually checked it and concluded that there wasn't anything to fix on our end, apologies for forgetting to answer. It seems to be a font aliasing issue on your side, I found a Vista system to test it on and couldn't reproduce the issue, wasn't reported by anyone else either. Look into your aliasing settings and tell me if it helps.

If other people experience this issue they're welcome to comment.

Quote from: tvbcof on November 08, 2013, 03:10:29 PM

You didn't even get a message to "Take your meds"? That's odd. I would have thought that ~davout would have coded that standard response into an auto-responder by now.

Seek some help.

tvbcof

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Quote from: boozezela on November 08, 2013, 01:19:52 PM

I am not writing this to bash the service or whatever (BTW I am still waiting for verification to happen for many days as well), however I have opened a ticket suggesting not to use Google fonts that are unreadable on a desktop web browser and the ticket has been sitting there forever unacknowledged and unanswered.

Even a "we will think about it" or "f*ck you we like the way numbers are garbled on the screen" would have made a difference.

This lack of communication in my opinion is detrimental to the users' trust as it feels like nobody is monitoring the platform.

My 2 cents.

You didn't even get a message to "Take your meds"? That's odd. I would have thought that ~davout would have coded that standard response into an auto-responder by now.

boozezela

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I am not writing this to bash the service or whatever (BTW I am still waiting for verification to happen for many days as well), however I have opened a ticket suggesting not to use Google fonts that are unreadable on a desktop web browser and the ticket has been sitting there forever unacknowledged and unanswered.

Even a "we will think about it" or "f*ck you we like the way numbers are garbled on the screen" would have made a difference.

This lack of communication in my opinion is detrimental to the users' trust as it feels like nobody is monitoring the platform.

My 2 cents.

Boussac

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e-ducat.fr

Quote from: 1Pakis on November 06, 2013, 06:25:20 PM

Quote from: Boussac on November 04, 2013, 08:01:09 AM

Since BC is adding this way hundreds of verified accounts every week, we expect the trade volume to go up gradually.

I applied on 22 of October 2013 and nothing yet.
Your new partner is kill you.

I agree that the new partner is too slow now but they are adding ressources so they should be faster starting mid-november.
Bear in mind that BC is the only truly compliant real time trading platform in Euro.
When some exchanges do KYC due diligence by themselves they are not being compliant until they are licensed, period.
If they perform KYC that is to protect themselves against fraud not to protect your funds from being frozen if and when they are shut down by regulators.

Quote from: 1Pakis on November 06, 2013, 06:25:20 PM

I was already verified in your previous platform that was hacked twice.
So you are trying re-verify me and you can't.

You are being too generous. BC suffered only one partial hack where only a small fraction of the funds were stolen so BC remained solvent at all times.
At least it shows that the alert system worked.
BC was open about it while other platforms may have suffered partial hacks unbeknownst to you.
Anyhow, this is history because BC took on the task to rebuild from the ground up so as to offer now the most secure platform (100% cold storage).
Again, bear in mind that BC does not do account verification because only the financial institution partner is licensed to do so.

davout

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1davout

Quote from: 1Pakis on November 07, 2013, 06:44:57 AM

Apparently we can't.

Who said so?

Topic: Bitcoin-Central, first exchange licensed to operate with a bank. This is HUGE - page 2. (Read 191895 times)