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DHS shuts down Dwolla/Gox transactions

Posted on 5/14/13 at 4:19 pm
Posted by joshnorris14
Florida
Member since Jan 2009
45195 posts
Posted on 5/14/13 at 4:19 pm
Posted by Broke
AKA Buttercup
Member since Sep 2006
65044 posts
Posted on 5/14/13 at 4:25 pm to
Whoa. Wut does dis mean?
Posted by WikiTiger
Member since Sep 2007
41055 posts
Posted on 5/14/13 at 4:27 pm to
quote:

Whoa. Wut does dis mean?


It means that as of now you can't use Dwolla to send US dollars to or receive US dollars from MtGox.

Why? The public has not been informed yet.


What effect will this have on bitcoin as a whole? Who knows? What do you think?
Posted by Broke
AKA Buttercup
Member since Sep 2006
65044 posts
Posted on 5/14/13 at 4:28 pm to
quote:

What do you think?


I think it's mighty odd that the Department of Homeland Security is involved. That's not someone I ever saw being involved in this process. At least not first.
Posted by joshnorris14
Florida
Member since Jan 2009
45195 posts
Posted on 5/14/13 at 4:28 pm to
quote:

Whoa. Wut does dis mean?


Well until we really know what the hell the DHS is doing we know that one of the more convenient (only in relation to the other methods) of getting money into and out of Mt. Gox is no longer possible.
Posted by Broke
AKA Buttercup
Member since Sep 2006
65044 posts
Posted on 5/14/13 at 4:29 pm to
quote:

Well until we really know what the hell the DHS is doing


Well we know what they are doing. Just don't know why. I'm highly interested to see what's happening here.
Posted by Vols&Shaft83
Throbbing Member
Member since Dec 2012
69896 posts
Posted on 5/14/13 at 4:46 pm to






Posted by WikiTiger
Member since Sep 2007
41055 posts
Posted on 5/14/13 at 4:48 pm to
quote:

Well we know what they are doing. Just don't know why. I'm highly interested to see what's happening here.


The weird thing is that other methods of sending money to MtGox from the USA, like wire transfers, are still working.

So is the DHS issue with Dwolla or MtGox?
Posted by ZereauxSum
Lot 23E
Member since Nov 2008
10176 posts
Posted on 5/14/13 at 4:50 pm to
quote:

I think it's mighty odd that the Department of Homeland Security is involved.


Wonder if this has something to do with the patriot act.
Posted by Broke
AKA Buttercup
Member since Sep 2006
65044 posts
Posted on 5/14/13 at 4:51 pm to
quote:

Wonder if this has something to do with the patriot act.


Possible. But I just don't know.
Posted by Meauxjeaux
98836 posts including my alters
Member since Jun 2005
39857 posts
Posted on 5/14/13 at 4:51 pm to
BC sure is getting alot of attention for something that's a nothing.
Posted by Vols&Shaft83
Throbbing Member
Member since Dec 2012
69896 posts
Posted on 5/14/13 at 4:59 pm to
Could have something to do with the coinlabs lawsuit
Posted by Walking the Earth
Member since Feb 2013
17260 posts
Posted on 5/14/13 at 4:59 pm to
At a wild guess, somebody thinks that this service is actively facilitating money laundering.

Posted by ZereauxSum
Lot 23E
Member since Nov 2008
10176 posts
Posted on 5/14/13 at 5:00 pm to
quote:

So is the DHS issue with Dwolla or MtGox?


Good question.

Another question, who is this Mutum Sigillum entity mentioned in the email?
Posted by joshnorris14
Florida
Member since Jan 2009
45195 posts
Posted on 5/14/13 at 5:01 pm to
quote:

Could have something to do with the coinlabs lawsuit


What would the DHS have to do with that?
Posted by Vols&Shaft83
Throbbing Member
Member since Dec 2012
69896 posts
Posted on 5/14/13 at 5:01 pm to
quote:

Another question, who is this Mutum Sigillum entity mentioned in the email?


Mt.Gox
Posted by joshnorris14
Florida
Member since Jan 2009
45195 posts
Posted on 5/14/13 at 5:02 pm to
quote:

At a wild guess, somebody thinks that this service is actively facilitating money laundering.


Again, what does that have to do with the DHS
Posted by ZereauxSum
Lot 23E
Member since Nov 2008
10176 posts
Posted on 5/14/13 at 5:02 pm to
quote:

At a wild guess, somebody thinks that this service is actively facilitating money laundering.


That's where I was going with my earlier patriot act comment.
Posted by ZereauxSum
Lot 23E
Member since Nov 2008
10176 posts
Posted on 5/14/13 at 5:06 pm to
quote:

Mt.Gox


Ah gotcha. Thanks
Posted by Walking the Earth
Member since Feb 2013
17260 posts
Posted on 5/14/13 at 5:07 pm to
quote:

Again, what does that have to do with the DHS


I'll take "Types of people likely to engage in money laundering" for one thousand dollars, Alex.

Spoiler: The question is "What are terrorists?"

This post was edited on 5/14/13 at 5:08 pm
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