Post
Topic
Board Exchanges
Re: MtGox withdrawal delays [Gathering]
by
Alpaca Bob
on 27/01/2014, 13:46:51 UTC
Quote
07:19 <@MagicalTux> jpy withdrawal delays come from the fact there are more withdrawals than deposit, so we need to convert usd/etc to jpy, then send it to our japanese bank, which takes time and has limits much stricter than other transfer methods
How is that possible? You can only sell Bitcoins for JPY to people who deposited JPY.
That means that Mark uses the customers JPY funds to pay for business or personal expenses. Great job!

AFAIK, this is not true. All fiat is traded in the same "pile", although users do not see this.