Post
Topic
Board Bitcoin Discussion
Re: I'm From The Government And I'm Here To Help You!: New York To Control Bitcoin
by
cgriswold
on 14/03/2014, 04:07:57 UTC
Control is moving forward; Please read this note from Vault of Satoshi:

Mar 06/2014 21:12 - Important announcement for US customers
It is with great regret to inform you that we will be ceasing our US operations effective today. If you reside outside the United States this does not affect you.

We’ve made this decision not because of any specific legal challenge or threat, but because we feel the regulatory environment in the US is becoming increasingly hostile toward Bitcoin, and more specifically toward exchanges trading in digital currencies. We’re heeding the warnings of Bitcoin Foundation and BitInstant founder, Charlie Shrem, who recently conducted a troubling interview with “Let’s Talk Bitcoin.” If you want to hear more about the situation exchanges face operating in the US, we recommend you listen to episode 87 of “Let’s Talk Bitcoin” here: http://letstalkbitcoin.com/e87-the-captive-and-the-mountain

We’ve made repeated attempts to comply with FinCEN regulations, but their online form submission process will not allow us to post reports from our headquarters in Ontario, Canada. They refuse to accept printed paper reports, and their drop-downs don’t include Canadian options, making it impossible to the file the required documentation properly in order to comply. Despite repeated inquiries into how to properly file reports from Canada, we have yet to receive a satisfactory response. They’ve literally made it impossible for us to run our business in compliance with their regulations.

This was best option for me to purchase btc.  I assume other sites will most likely follow this with similar actions.