No no, I agree banks can freeze accounts.
But we are talking about a really grey company - Bitstamp.
* They are registered in UK but their bank is in Slovenia.
* They are NOT A BANK.
* No AML or KYC rules for businesses require what they ask for.
No let me explain this, I'm running a EU business and I know what I'm talking about. NO NON BANKING COMPANY ANYWHERE IN THE WORLD IS ALLOWED TO TAKE DEPOSITS. Even god damn Seychelles do not allow this (had an offshore). So either this is going through their books as sale/return of a product (that's what my local law is saying, but they will take VAT because of this) or something else.
Nowhere can you find any data on their registration. Nothing else. They are AS shady as BTC-E.
Now I have no problem with btc-e - there must be a free market like silkroad - and they must remain silent.
I have a problem with people claiming Bitstamp is better than Gox or Btc-e, because they are the same.
I really hope this problem will resolve and I receive my funds. I will update this topic but for now 5 hours passed without any answer from Bitstamp which is concerning.
Topic: Bitstamp BLOCKs withdrawals to verified users - page 6. (Read 11656 times)
I'm baffled by this as Bitstamp aren't widely known to pull these kind of bullshit manoeuvres
Um, what rock have you been living under?
Bitstamp is #1 for using AML-KYC to screw people out of their money.
The only difference at gox is that they don't bother with the excuses.
I think the discussion is getting pointless i believe. Fact is , be they right or wrong on what they are doing, they are doing just like Gox. Bitstamp should give full and proven explanation about that to get any doubts out of the way. The community should not accept any Gox behaviour patterns anywhere, or the same shit may happen again.
they are trained to not ask anything ( except when you are opning an account,
not in the UK. MrsPiggles used to work in a bank and they are trained to sneakily ask AML questions during normal transactions.
If I go and withdraw even £1500 I'll probably be explicitly asked "what for"
if I deposit regularly I'll be asked what the cash is from
Man, i'm not only very experienced with my own accounts but i've worked on a major bank long time ago. I'm not in europe, but procedures are worldwide standards.
You're right. I must have imagined my account being frozen.
You did not, a fraud investigation was in course and you got involved. That's a case when it may happen, anyway it was to protect the account holders from fraud, it had nothing to do KYC/AML or any other interest of the state. How the other user reported it may also get frozen when in a trip, it is to protecct you. In a summary, frozen account are to protect the funds of a account holders, it is never to policy them like the police do. Employees must keep all information confidential even inside the bank, they are trained to not ask anything ( except when you are opning an account, they want you to prove income to have the account and that's it ). AML resumes to indentify the customer, reporting all transactions to the authorities every year thru' and following the strict procedures of sending money overseas. BTC is not even money.
Man, i'm not only very experienced with my own accounts but i've worked on a major bank long time ago. I'm not in europe, but procedures are worldwide standards.
You're right. I must have imagined my account being frozen.
They won't and they can't frozen because they think you may be somthing like a criminal or whatever.
You're obviously beyond reason. Or have never used a bank. Or were born this morning.
Man, i'm not only very experienced with my own accounts but i've worked on a major bank long time ago. I'm not in europe, but procedures are worldwide standards.
They won't and they can't frozen because they think you may be somthing like a criminal or whatever.
You're obviously beyond reason. Or have never used a bank. Or were born this morning.
It just wont ever happen to me or anyone, banks are not allowed to do that, only authorities can.
Banks do it all the time.
I have accounts with 3 different banks in the UK alone so that when one gets frozen I can use another.
Plus prepaid cards.
Anyone who travels a lot, if you don't constantly inform your bank where you will be on what days...will get their accounts frozen
Those are measures to protect you, yes, you have to inform them that you are using your cards and accounts overseas so they know it is you. They won't and they can't frozen because they think you may be somthing like a criminal or whatever.
It just wont ever happen to me or anyone, banks are not allowed to do that, only authorities can.
That's absolutely incorrect. My account has previously been frozen by my bank on suspicion of wrong doing without the authorities being involved. At no point did I suspect they were insolvent.
Banks have an obligation, to their customers, to their shareholders and to the authorities.
It just wont ever happen to me or anyone, banks are not allowed to do that, only authorities can.
Banks do it all the time.
I have accounts with 3 different banks in the UK alone so that when one gets frozen I can use another.
Plus prepaid cards.
Anyone who travels a lot, if you don't constantly inform your bank where you will be on what days...will get their accounts frozen
but it is looking live they are not solvent either.
FUD. Ignorance. Wilful stupidity. Call it what you want.
If your bank froze your funds on suspicion of potentially criminal activity, would you suspect they were insolvent? Engage the grey matter please.
It just wont ever happen to me or anyone, banks are not allowed to do that, only authorities can.
My banks is always asking where my money comes from and what I am doing with it. Personally I find it bloody rude of them and always answer with "magic internet moneyz" and they dont stop me so ..shrugs.
I've had my account frozen once for trading on LocalBitcoins when someone used a stolen bank account to buy coins from me. When the fraud guy asked me why there were deposits from dozens of different people each week, I was very tempted to say that "I was laundering money so I could more easily buy drugs, guns and child pornography for a terrorist training camp that I run in Afghanistan".
Tempted. But I resisted. Probably wisely.
"a bank is not allowed to ask a customer where his/her funds come from."
That's simply not the case.
"The request about mining equipment specification baffles me entirely."
There's another exchange I use...possibly MintPal which doesn't allow deposits from mining pools. I'm sure this is a technical issue to do with freshly mined coins.
That's simply not the case.
"The request about mining equipment specification baffles me entirely."
There's another exchange I use...possibly MintPal which doesn't allow deposits from mining pools. I'm sure this is a technical issue to do with freshly mined coins.
My banks is always asking where my money comes from and what I am doing with it. Personally I find it bloody rude of them and always answer with "magic internet moneyz" and they dont stop me so ..shrugs.
but it is looking live they are not solvent either.
FUD. Ignorance. Wilful stupidity. Call it what you want.
If your bank froze your funds on suspicion of potentially criminal activity, would you suspect they were insolvent? Engage the grey matter please.
He's right though and depending how much money you had on the exchange, you might have committed a financial crime by lying about your identity. Using a fake name and withdrawing/depositing money under it, IS money laundering, and what you have done, a crime.
Either way, you've essentially forfeited your money in the near-term.
I withdrew it to accounts with no name on.
So I bought/sold btc in a fake name, and deposited them to accounts with no name.
In what country is using a fake name to sell bitcoins illegal?
What law was broken by registering on a slovenian site with a fake name?
What crazy_rabbit said +1
Absolutely no FUD intended and no paranoia, but it is looking live they are not solvent either. Some people were warning about Gox for a VERY long time and nobody took seriously. The behaviour of Bitstamp is getting similar to Gox's long time ago.
Many people are reporting withdrawal problems.
And that supposed KYC/AML is absolute BS.
Many people are reporting withdrawal problems.
And that supposed KYC/AML is absolute BS.
"a bank is not allowed to ask a customer where his/her funds come from."
That's simply not the case.
"The request about mining equipment specification baffles me entirely."
There's another exchange I use...possibly MintPal which doesn't allow deposits from mining pools. I'm sure this is a technical issue to do with freshly mined coins.
That's simply not the case.
"The request about mining equipment specification baffles me entirely."
There's another exchange I use...possibly MintPal which doesn't allow deposits from mining pools. I'm sure this is a technical issue to do with freshly mined coins.
I'm baffled by this as Bitstamp aren't widely known to pull these kind of bullshit manoeuvres but there have been complaints about this sort of thing with people who are from places like Slovakia, what country are you from?
Bitstamp is on balkan former Yugoslavia.
It's also in the UK. I am unsure of which legal jurisdiction they are technically in.
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