Quote from: TheFootMan on May 15, 2013, 06:54:17 PM

Quote from: impulse on May 15, 2013, 06:48:23 PM

Well, looks like this is the result of yet more Gox incompetence. Is it time yet to get out of that exchange yet? How many more of these incidents are Gox users willing to endure?

Well, how to kill US based bitcoin businesses 1-2-3:

1. Issue guidance (Fincen) that they need to have money transmitting licenses.
2. Attack existing companies in the bitcoin industry without giving them a chance to get a license first.
3. Profit

A more fair way to go about things, which should be done by sensible humans would be to say: Hey, you've got a business running, are you aware of the new requirements for licensing ? You have 6 months to comply with the licensing requirements and get a license, or you will have to close up shop.

But in reality it's all about power. Power for the ones sitting on the top of the food chain, and their friends. If they don't like you, there's essentially nothing you can do - there's always something to frame you on.

Actually on the application to apply it says you must submit it within 180 days of starting your business.

Mtgox said they spent 25mil to become fully compliant, I think mtgox itself is a registered msb and has gone through great lengths to properly verify people's identity per the aml requirements.

To go after a small shell companies bank accounts which is obviously solely doing business for mtgox (who is licensed) is crazy.

Hopefully Japan shows the USA how is done and refuses to cooperate.