Post
Topic
Board Service Discussion
Re: Bitstamp BLOCKs withdrawals to verified users
by
5flags
on 26/02/2014, 14:57:04 UTC
I have a problem with people claiming Bitstamp is better than Gox or Btc-e, because they are the same.

Them be fightin' words.

Everyone who saw Gox have their bank/Dwolla accounts frozen needs their head looking at if they didn't figure out they were insolvent.

Being a company doesn't make them trustworthy - how they conduct their business is what makes them trustworthy (or not).

They are registered as a company and pay tax in the UK - at least they will. Their accounts are due at the end of April.

They have an EU bank account, which means the beneficial owners have have to satisfy the AML and KYC criteria of an EU bank.

Are they better of Gox? Of course. But only because of how they conduct themselves. I don't have enough experience of BTC-E.

I have an a company and bank account in the Seychelles - even they have to saitsfy AML and KYC laws. Otherwise they don't get to play with the big countries.