Ninjastic
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Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
HerrAndreas
on 07/08/2014, 21:10:14 UTC
Quote from: Walsoraj on August 07, 2014, 08:53:47 PM
Quote from: oda.krell on August 07, 2014, 08:30:46 PM
Quote from: HerrAndreas on August 07, 2014, 07:59:01 PM
Quote from: Walsoraj on August 07, 2014, 06:10:08 PM
https://bitcointalk.org/index.php?topic=723392.0

Interesting. Stamp using two banks now. Based on post #8, the former bank, unicredit, may have stopped taking deposits. This partially explains why total bid sum is recovering slower than in the past. I.e., no new deposits and some traders withdrawing from unicredit while they still can.

Looks like unicredit wants to end its relationship with Stamp. How long will the new banking relationship with Raiffeisen last?
That bank change is something rather positive in my view. A step in the right direction.
Why? Because it greatly reduces bitstamps exposure to US regulations.
Any bank (or any other company for that matter) which has a branch in the USA can have its assets there taken "hostage" until full compliance with us law is achieved. Raiffeisen on the other hand does not have a branch there and is an "old player" with a very good standing in europe and especially the east.
Already now you would choose Raiffeisen if you for instance wanted to trade with partners in any country which is under US sanctions.
Apart from that Raiffeisen practically "owns" Austria Wink

To my knowledge, there's no evidence for the statement that Raiffeisen will "replace" Unicredit Slovenia. On my own account, I'm still transferring fiat to Unicredit. To me it looks more like they're teaming up with a second bank, perhaps as a safeguard measure. Nope. Looks like I'm Raiffeisen as well now. Maybe there's something to it, and they're being dumped by Unicredit. Would really prefer if someone from Bitstamp would address this change of banks openly.

Get your fiat out while you still can.
Sure an official bitstamp statement is needed most in a situation like this, but I don´t see any reason to panic.
...and I was in no way implying that anything fishy was going on.
You don´t need to be a bad person or company to want to do business with someone living in a country the US does not like (greetings to my friends in russia and ukraine (both parts) btw!).

-and unicredit is anyway not really the best bank around (anyone remember the times when stamp deposits got frozen on the way in until you answered those lovely questions? If that did not come from unicredit and their fear of US regulations...)...