If you own a corporate Bitstamp account or if you plan to open such, please read

Xavofat

hero member

Activity: 938

Merit: 559

Did you see that ludicrous display last night?

Quote from: DaMut on July 27, 2017, 08:40:11 AM

(if everything is based on my observation,doesn't that mean there's no more anonymity?)

Not really. It means that governments are attempting to regulate people exchanging between Bitcoin and fiat.

If you're into tax evasion it could be a problem, since BTC-E has gone down and even a couple of LocalBitcoins traders have been arrested for running unlicensed money transfer business. It's mainly about whether you're paying capital gains tax or not.

But for actual spending, you can mix it a few times or convert between BTC and Monero to try and cover your tracks. It wouldn't be all that hard for people to sever the link between the exchange and their transactions.

Anyway, this isn't just about anonymity. It's more to do with incompetence handling the KYC regulations properly.

DaMut

sr. member

Activity: 1274

Merit: 263

Quote from: European Central Bank on July 26, 2017, 02:46:37 PM

i've heard multiple examples of them demanding reverification after time has passed. these guys are so uptight about regulation that it's no surprise. i'd never put money on there just in case they started demanding tax documents and stuff. they ain't getting them from me.

you are right,they're always asking for reverivication for their user for the time being.
it happened because they're a 'legal' exchanger under united kingdow law (from what i heard),
so because of that they're multiple times asking us the user for reverification to prevent any illegal activity
or to track ourself if something goes wrong when we are using our coin/money.
(if everything is based on my observation,doesn't that mean there's no more anonymity?)

PS : it's all from my observation and recent activity from every exchanger.plus global goverment action

European Central Bank

legendary

Activity: 1288

Merit: 1087

i've heard multiple examples of them demanding reverification after time has passed. these guys are so uptight about regulation that it's no surprise. i'd never put money on there just in case they started demanding tax documents and stuff. they ain't getting them from me.

Cult

full member

Activity: 479

Merit: 100

Enter the future of gaming

Quote from: slacker on July 26, 2017, 11:18:44 AM

I bought some coins immediately after my account was verified. No problems (except the slow verification).

But now they ask to apply for a corporate account like I never verified my account as corporate account...

Maybe something in the process of upgrading their systems caused the problem, I don't know...

4 years is a long time, documents you provide probably expired and need to submit up to date documentation.

I don't think there's a rule if you verify an account once, it stays verified forever, things change and need to be updated.

slacker

newbie

Activity: 43

Merit: 0

I bought some coins immediately after my account was verified. No problems (except the slow verification).

But now they ask to apply for a corporate account like I never verified my account as corporate account...

Maybe something in the process of upgrading their systems caused the problem, I don't know...

LeGaulois

copper member

Activity: 2940

Merit: 4101

Top Crypto Casino

If they pretend that you have never opened a corporate account near 4 years back then how did you successfully bought some coins using your company bank account? I am puzzleled. I don't think it's possible to "downgrade" an account with standard one. I wasn't aware of some practices from them like refusing some companies because of their related activity.
I know that from time to time they question people and ask them, from where the funds come from, what you do with, etc...
Like if someone will tell with honesty: The money comes from drugs sales, I buy Bitcoin to convert to legal money, or to be able to invest in human traffic Cheesy

slacker

newbie

Activity: 43

Merit: 0

I have opened corporate account with Bitstamp back in 2013 and bought some coins without problems (with wire from my company).

I have been wise enough to ask them some questions before to send my next wire.

They pretend that I never opened corporate account and I need to open corporate account if I want to fund my Bitstamp account (already verified corporate account) with wire transfer from my company!

And they ask for shitload of docs to provide.

They also may not open account for your company if they are not satisfied with your business practice (for example, if you use their service to pay freelancers with Bitcoin).

I posted their guide for opening corporate account and similar story from another user in my blog:

Bitstamp pretends I never verified my corporate account and my account is personal

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