Look at this link - I think it's a very positive change in policy for MTGox

ineededausername

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bitcoin hundred-aire

Quote from: pilotniq on May 30, 2013, 12:31:31 PM

Quote from: papaminer on May 30, 2013, 11:40:46 AM

2)
if you try to withdraw your bitcoins/usd/money... you need to get verified... and provide all their requirements... (heck they can ask for the color of your underwear too?)

= VERY HARD WITHDRAWAL

How is taking a photo of your ID card and a bill, and uploading the two digital files to them "very hard"?

The verification doesn't even take that long these days. It's about 24 hours at most, and the queue is a few hundred long.

btc237ftw

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Quote

2)
if you try to withdraw your bitcoins/usd/money... you need to get verified... and provide all their requirements... (heck they can ask for the color of your underwear too?)

Withdrawing bitcoins can be done without verification...

Quote

As a result, beginning May 30th, 2013 all Mt. Gox user accounts are required to be verified in order to perform any currency deposits and withdrawals. Bitcoin deposits do not need verification, and at this time we are not requiring verification for Bitcoin withdrawals.

pilotniq

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Quote from: papaminer on May 30, 2013, 11:40:46 AM

2)
if you try to withdraw your bitcoins/usd/money... you need to get verified... and provide all their requirements... (heck they can ask for the color of your underwear too?)

= VERY HARD WITHDRAWAL

How is taking a photo of your ID card and a bill, and uploading the two digital files to them "very hard"?

papaminer

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Free World

let me get this straight...

1)
if you put bitcoins in mtgox... you don't need any verification...

= VERY EASY BITCOIN DEPOSIT

2)
if you try to withdraw your bitcoins/usd/money... you need to get verified... and provide all their requirements... (heck they can ask for the color of your underwear too?)

= VERY HARD WITHDRAWAL

either way... its WIN/WIN for MTGOX... if you cannot verify your account... they get to keep your money...

pilotniq

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+1

MSantori

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I'm happy to see they're taking their AML/KYC seriously.

Isokivi

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Items flashing here available at btctrinkets.com

I see this being a step to meet the somewhat ambuguous regulatory rules that might or might not apply to their buisness, especially in the US. I see nothing negative in it.

bb999

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This could definitely be a positive, but I think a more important step is when the Bitcoin market is not predominantly Mt. Gox. Relying on any one exchange is definitely a vulnerability.

yocko06

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1Kgyk4nQSzb3Pm9E9vWiGVyJ6jpPwripKf

I think in order to survive all exchanges especially ones as big as mtgox need to follow all the rules 100%. This was inevitable to happen to bitcoin exchanges.
I think it is a step in the right direction for bitcoin because it will become more main streem.

btc237ftw

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https://mtgox.com/press_release_20130530.html

I think such steps will help making the Bitcoin marketplace a much safer place, as main-stream people and industries will be able to get in when regulation is done correctly.
I know many people dont want regulation, but regulation is needed to make sure the operation is legal and reduce the ilegal activity of Bitcoin such as money laundering and drugs etc...

Topic: Look at this link - I think it's a very positive change in policy for MTGox (Read 1364 times)