Tuesday, June 30, 2015

Coinbase Freezing Some Large Purchaser Bitcoin Accounts

Jaison De Montalegre emails:
Looks like the compliance officer at Coinbase has a bone to pick with several high level purchasers. As documented here in this Reddit thread more than a few people are seeing their accounts frozen when buying in large quantities.

I like the fact that my precious metals can't have their "account" frozen, and buying small amounts doesn't leave me dealing with compliance officers.

I repeat: Bitcoin is a very trackable payment method and Bitcoin currency exchange operators will have to do the work of government surveillance agencies or lose their license.


No comments:

Post a Comment