Coinbase banned Germany & Luxembourg - page 3.

BellaBitBit

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Quote from: allthingsluxury on July 07, 2016, 09:21:49 AM

Hopefully this is not the beginning of a more major attack on Bitcoin. I also wouldn't be surprised to see in the coming months, although, that they resolve the issue and are able to sell to their German customers again. Coinbase offers a great service and the German people deserve to be able to take part in the program.

It is not the beginning of a major attack on Bitcoin...it is an ongoing attack. It doesn't matter what Germany does, Bitcoin is a global decentralized currency that no one country or person can prevent from happening. I like news like this, it means they are scared Grin

Slow death

legendary

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Leading Crypto Sports Betting & Casino Platform

For I logged into my account coinbase I enter my e-mail account and confirm in the confirmation link, because according coinbase phaco login from another country, that's funny in the email looks like the following:

"A device or location never seen before is requesting access to your account" and the email is the country that makes such access, my country.

Every time is the same, i use the same IP ...

maybe you should ask help the support.

The_Hamburglar

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Quote from: elyas772 on July 07, 2016, 11:34:10 AM

sorry im from asia, iam confution with your "financial license" for buying bitcoin, i think you need only some minute, buying payeer deposit BTC-E then buying BTC, and withdraw your bitcoin, in my coutry, goverment can't touch my bitcoin, no tax etc.

Ah, got it. This thread is about Germany, see topic.

elyas772

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Quote from: The_Hamburglar on July 07, 2016, 11:25:27 AM

Quote from: mayax on July 07, 2016, 11:17:44 AM

Quote from: elyas772 on July 07, 2016, 10:33:40 AM

just other solution for buying bitcoin
- buy payeer usd
- deposit usd at BTC-E
- buying bitcoin at BTC-E
- withdraw the bitcoin to your wallet

Who is BTC-e? A ghost company. Where is their physical office, where is their financial license being incorporated in EU?

How can you entrust your money to an unlicensed company?

You might as well ask "how can you buy crack from an unlicensed distributor?" It's Germany, once all the legal BTC channels are cut off, shady shit like BTC-e is all you got left.

sorry im from asia, iam confution with your "financial license" for buying bitcoin, i think you need only some minute, buying payeer deposit BTC-E then buying BTC, and withdraw your bitcoin, in my coutry, goverment can't touch my bitcoin, no tax etc.

gentlemand

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Welt Am Draht

I don't think a VPN is going to help anyone. It's not as if you can fart on Coinbase without providing a smear sample. As soon as they know you're a German then I guess it's game over if all this is true.

If it does take some licencing then I assume they'll go for it. It can't be as onerous as the US.

The_Hamburglar

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Quote from: mayax on July 07, 2016, 11:17:44 AM

Quote from: elyas772 on July 07, 2016, 10:33:40 AM

just other solution for buying bitcoin
- buy payeer usd
- deposit usd at BTC-E
- buying bitcoin at BTC-E
- withdraw the bitcoin to your wallet

Who is BTC-e? A ghost company. Where is their physical office, where is their financial license being incorporated in EU?

How can you entrust your money to an unlicensed company?

You might as well ask "how can you buy crack from an unlicensed distributor?" It's Germany, once all the legal BTC channels are cut off, shady shit like BTC-e is all you got left.

onleines

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Don't buy Bitcoin - Earn it

The European Commission plans new rules on anti-money laundering.

http://europa.eu/rapid/press-release_IP-16-2380_en.htm

and there is a part to virtual currencies:

Tackling terrorist financing risks linked to virtual currencies: to prevent misuse of virtual currencies for money laundering and terrorist financing purposes, the Commission proposes to bring virtual currency exchange platforms and custodian wallet providers under the scope of the Anti-Money Laundering Directive. These entities will have to apply customer due diligence controls when exchanging virtual for real currencies, ending the anonymity associated with such exchanges;

As of 01.01.2017 the EU directive must be transposed into national law.
Perhaps BaFin was so fast and turns it already now.

mayax

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Quote from: elyas772 on July 07, 2016, 10:33:40 AM

just other solution for buying bitcoin
- buy payeer usd
- deposit usd at BTC-E
- buying bitcoin at BTC-E
- withdraw the bitcoin to your wallet

Who is BTC-e? A ghost company. Where is their physical office, where is their financial license being incorporated in EU?

How can you entrust your money to an unlicensed company?

Tippingcoin

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Quote from: pedrog on July 07, 2016, 10:39:31 AM

Quote from: Tippingcoin on July 07, 2016, 10:30:19 AM

Quote from: pedrog on July 07, 2016, 10:23:22 AM

Quote from: allthingsluxury on July 07, 2016, 09:21:49 AM

Hopefully this is not the beginning of a more major attack on Bitcoin. I also wouldn't be surprised to see in the coming months, although, that they resolve the issue and are able to sell to their German customers again. Coinbase offers a great service and the German people deserve to be able to take part in the program.

It has nothing to do with bitcoin.

It's usual for USA startups and established companies to enter in European markets and think they can disregard all local laws and do their business like they do in USA, well, they can't...

So this is going to happen in all EU countries? Germany is just the first to act?

It will happen in countries that have legislation Coinbase is not complying with...

They may need to have European offices and servers and comply with European data laws, you know USA companies give all information to the government and intelligence agencies, financial information is very valuable, letting USA companies operate unchecked is opening the doors wide to spies.

Huh, didn't realize that. I guess we Amerifats don't know how good we got it -- Localbitcoin, can trade on any exchange...

pedrog

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Quote from: Tippingcoin on July 07, 2016, 10:30:19 AM

Quote from: pedrog on July 07, 2016, 10:23:22 AM

Quote from: allthingsluxury on July 07, 2016, 09:21:49 AM

Hopefully this is not the beginning of a more major attack on Bitcoin. I also wouldn't be surprised to see in the coming months, although, that they resolve the issue and are able to sell to their German customers again. Coinbase offers a great service and the German people deserve to be able to take part in the program.

It has nothing to do with bitcoin.

It's usual for USA startups and established companies to enter in European markets and think they can disregard all local laws and do their business like they do in USA, well, they can't...

So this is going to happen in all EU countries? Germany is just the first to act?

It will happen in countries that have legislation Coinbase is not complying with...

They may need to have European offices and servers and comply with European data laws, you know USA companies give all information to the government and intelligence agencies, financial information is very valuable, letting USA companies operate unchecked is opening the doors wide to spies.

elyas772

hero member

Activity: 756

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just other solution for buying bitcoin
- buy payeer usd
- deposit usd at BTC-E
- buying bitcoin at BTC-E
- withdraw the bitcoin to your wallet

Tippingcoin

newbie

Activity: 36

Merit: 0

Quote from: pedrog on July 07, 2016, 10:23:22 AM

Quote from: allthingsluxury on July 07, 2016, 09:21:49 AM

Hopefully this is not the beginning of a more major attack on Bitcoin. I also wouldn't be surprised to see in the coming months, although, that they resolve the issue and are able to sell to their German customers again. Coinbase offers a great service and the German people deserve to be able to take part in the program.

It has nothing to do with bitcoin.

It's usual for USA startups and established companies to enter in European markets and think they can disregard all local laws and do their business like they do in USA, well, they can't...

So this is going to happen in all EU countries? Germany is just the first to act?

pedrog

legendary

Activity: 2786

Merit: 1031

Quote from: allthingsluxury on July 07, 2016, 09:21:49 AM

Hopefully this is not the beginning of a more major attack on Bitcoin. I also wouldn't be surprised to see in the coming months, although, that they resolve the issue and are able to sell to their German customers again. Coinbase offers a great service and the German people deserve to be able to take part in the program.

It has nothing to do with bitcoin.

It's usual for USA startups and established companies to enter in European markets and think they can disregard all local laws and do their business like they do in USA, well, they can't...

JeffBrad12

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Leading Crypto Sports Betting & Casino Platform

Quote from: mayax on July 07, 2016, 10:06:02 AM

Coinbase is not licensed in EU therefore they cannot provide services to EU.

Germany took action against unlicensed BTC exchangers and that's why Coinbase step back. Normally, they are not allowed to offer exchange services in all EU....but other countries didn't take action yet. The law already exists.

Are you sure,but I searching some news about this and I can't find it? maybe best solution to check on another sites how they getting a same banned with coin base or nothing. but i learn a more knowledge about this, thanks before.

electronicash

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Eloncoin.org - Mars, here we come!

Quote from: Carlsen on July 07, 2016, 09:59:07 AM

Germany is putting up some laws against money laundry right these days.
Those include terms regarding buying & selling of crypto money.
I think coinbase does not want to have any legal trouble there and sort things out first if they can fulfill those restrictions.

Its not just coinbase that they can use to buy bitcoin. They can also use exchange site itself. I think BTC2BID is working good this time.

Quote from: romero121 on July 07, 2016, 09:24:34 AM

Quote from: TKeenan on July 07, 2016, 09:19:11 AM

Quote from: onleines on July 07, 2016, 08:53:56 AM

Hey,

I am logged into my account Coinbase to buy Bitcoins.

I get the following message:

Sorry! Buy & Sell not available in Germany

We are not able to Provide exchanging bitcoin in your region yet. Consider Contacting your local government. Learn More>

It seems to be also affected Luxembourg alongside Germany.
The rest of Europe (32) are not affected.

Since Localbitcoin is banned in Germany, seems probably because the German "local government" there which prohibit.

Does anyone have any info, is on what legal basis prohibited here?

Very easy fix: VPN

VPN is not the solution for it. If its a ban from the government the website won't function but its indicated as buying and selling not available for Germany and Luxembourg.

If you are from Germany, VPN can still help indirectly as you as btc buyer can simply set where ever you are and then set up a meeting with a btc seller from localbitcoin.

mayax

legendary

Activity: 1456

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Coinbase is not licensed in EU therefore they cannot provide services to EU.

Germany took action against unlicensed BTC exchangers and that's why Coinbase step back. Normally, they are not allowed to offer exchange services in all EU....but other countries didn't take action yet. The law already exists.

Carlsen

hero member

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Germany is putting up some laws against money laundry right these days.
Those include terms regarding buying & selling of crypto money.
I think coinbase does not want to have any legal trouble there and sort things out first if they can fulfill those restrictions.

Denker

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Quote from: The_Hamburglar on July 07, 2016, 09:51:11 AM

Quote from: Denker on July 07, 2016, 09:48:25 AM

Quote from: SuperCoinGuy on July 07, 2016, 09:37:59 AM

Wait is Localbitcoins really banned in Germany? Is the German government going to ban the use of Bitcoin in the country or are they waiting to legalize it or something? I thought it was pretty easy to set up a person-to-person exchange of coins against cash. I guess people in Germany still trade Bitcoins for cash among themselves right?

Localbitcoins is not banned in Germany but they decided not to serve german customers.
You can still meet with people and do your trades.Nothing illegal about that.
What Coinbase and Localbitcoins are missing for the germany market is a license.No license no business, same as in the US.

Is Localbitcoin licensed in US? As what, a money transmitter? I didn't know that.

I can't tell you mate.
I'm not from the states.I'm german and just can tell you that localbitcoins stopped it's service in Germany since late 2014 due to regulatory reasons.
And I'm sure this is the same reason why Coinbase has no service in Germany.
Big "thanks" for that to our BaFin! Angry

The_Hamburglar

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Quote from: Denker on July 07, 2016, 09:48:25 AM

Quote from: SuperCoinGuy on July 07, 2016, 09:37:59 AM

Wait is Localbitcoins really banned in Germany? Is the German government going to ban the use of Bitcoin in the country or are they waiting to legalize it or something? I thought it was pretty easy to set up a person-to-person exchange of coins against cash. I guess people in Germany still trade Bitcoins for cash among themselves right?

Localbitcoins is not banned in Germany but they decided not to serve german customers.
You can still meet with people and do your trades.Nothing illegal about that.
What Coinbase and Localbitcoins are missing for the germany market is a license.No license no business, same as in the US.

Is Localbitcoin licensed in US? As what, a money transmitter? I didn't know that.

Denker

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Quote from: SuperCoinGuy on July 07, 2016, 09:37:59 AM

Wait is Localbitcoins really banned in Germany? Is the German government going to ban the use of Bitcoin in the country or are they waiting to legalize it or something? I thought it was pretty easy to set up a person-to-person exchange of coins against cash. I guess people in Germany still trade Bitcoins for cash among themselves right?

Localbitcoins is not banned in Germany but they decided not to serve german customers.
You can still meet with people and do your trades.Nothing illegal about that.
What Coinbase and Localbitcoins are missing for the german market is a license.No license no business, same as in the US.

Topic: Coinbase banned Germany & Luxembourg - page 3. (Read 6470 times)