Thursday, June 20, 2013

Bitcoin Dealer Mt Gox Halts U.S. Dollar Withdrawals

Mt Gox has issued the following statement:

Over the past weeks Mt. Gox has experienced rising volumes of deposits and withdrawals from established and upcoming markets interested in Bitcoin. This increased volume has made it difficult for our bank to process the transactions smoothly and within a timely manner, which has created unnecessary delays for our global customers. This is especially so for those in the United States who are requesting wire transfer withdrawals from their accounts.  We are currently making improvements to process withdrawals of United States Dollar (USD) denominations, and as a result are temporarily suspending cash withdrawals of USD for the next two weeks.  Please be reassured that USD deposits and transfers to Mt. Gox will remain unaffected, as will deposits and withdrawals in other currencies, and we will be resuming USD withdrawals once the process is completed.  We apologize for any inconvenience this causes our U.S. customers in the meantime, and look forward to resuming withdrawal service as well as debuting a dramatically improved trading engine which will be launching very soon.

NOTE: This sounds to me as though Mt Gox is halting withdrawals by US customers rather than just US dollar withdrawals. If you reside in the US, it seems unlikely that you will be able to get funds transferred to you even if you request, say, euros.

1 comment:

  1. It says USD is the only currency being suspended.

    i dont see why you couldnt get euros if you wanted them..