Post
Topic
Board Service Discussion
Re: OKCOIN also having problems with USD deposits
by
aTriz
on 19/04/2017, 17:28:18 UTC
Also, BTC-e had problems with USD Wire transfers – they tweeted on April 14th, and I quote:
Quote
"Due to change banking account we don't accept USD wire transfers till the end of month #btce."
Bitfinex is now suing Wells Fargo for the USD wire transfers issue, you can read more about it here: https://news.bitcoin.com/bitfinex-sues-wells-fargo-over-wire-transfer-suspension/  

I think Bitfinex have now withdrawn their Wells Fargo suit. See

http://www.coindesk.com/bitcoin-exchange-bitfinex-withdraws-lawsuit-wells-fargo/

I wonder what happened to change their minds.

Interesting info about BTC-E - I wonder if this is about US regulators cracking down on funds denominated in dollars sent to unregulated exchanges.
I hope that at least BTC-E won't encounter such a problems, but it is an interesting thing, because it looks like exchanges, one by one are disabling wire deposits/withdrawals.
First was Bitfinex, now we see that OKCoin has the same problem. Who is going to have their bank accounts frozen next?

I would be very worried if the goverments would try to block all bank accounts of the unregulated cryptocurrency exchanges, it is still possible because they might consider these projects as a money laundering operation.

That is why I prefer to sell my bitcoins peer-to-peer, or to the local exchange where I wont encounter such a issue.