Author

Topic: Withdraw bitcoin from mtgox, get "$1000" error (Read 1971 times)

legendary
Activity: 1134
Merit: 1005
yes, i for one would like to see the code.
hero member
Activity: 726
Merit: 500
What regulation is he complying with?

U.S. anti-money-laundering, know-your-customer regulations.  Since they don't "know" him, they have to assume he is a U.S. national and subject to the regulations.  Did you want a reference to the specific U.S. federal code?
hero member
Activity: 770
Merit: 566
fractally
What regulation is he complying with?
donator
Activity: 826
Merit: 1060
The MtGox withdrawal limit applies equally to USD and BTC. So if you are withdrawing BTC, the maximum you can take out is $1000 worth per day (less than 200 BTC at current rates).
full member
Activity: 130
Merit: 100
Have you moved more the a 1000 out of mtgox into either a usd acct or into liberty reserve in the last 24 ? And if not contact mark at [email protected] could be a bug
member
Activity: 61
Merit: 10
Hi everyone,

I am a n00b here, so thanks for being patient.  I tried to withdraw 1BTC from my mtgox account this afternoon and I run into the error:  To comply with US regulations you are only allowed to withdraw a maximum of $1000 within a 24 hour period. Please try your withdraw tomorrow.

I am not quite sure why I would receive this message if I am withdrawing bitcoins.  I assume I am missing something here....  Thanks
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