Exchange Bitcoins to OKPay USD - Automatic exchange
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With mounting pressure on online money exchanges from US regulators, payments processor OKPay has announced that it is suspending processing for all Bitcoin exchanges, including industry leader Mt. OKPay itself has had precious little to say publicly about the decision, other than issuing a one-line statement on its okpay accept bitcoin payment to the effect that it is in the process of suspending its Bitcoin activities.
The headline on the notice says the suspension is temporary, but to hear Mt. Okpay accept bitcoin payment tell it, it may be some time before OKPay resumes business with the Bitcoin community. Gox customers and the Bitcoin community are well-informed about this development," reads a statement posted to Mt. Gox's website on Tuesday. The company says that while it's not exactly sure okpay accept bitcoin payment OKPay processing will be shut off completely, Mt.
Gox will "soon" stop accepting payments via OKPay, probably within the next couple of weeks. Gox to OKPay accounts will not be cut off, but the amount that can be withdrawn will be limited to the amount that the customer had deposited via OKPay; any remaining balance will have to be withdrawn using other means.
Gox has run into problems with one of its payment processors. Just where the Bitcoin market falls under US law is unclear, because the legality of Bitcoin transactions has yet to be tried in court and law enforcement has refused to comment on ongoing investigations, such as the Dwolla case.
The US Commodity Futures Trading Commission has said it is investigating whether Bitcoin transactions should rightly be governed by okpay accept bitcoin payment rules, but no determination has been announced as yet.
Still, there's increasing evidence that regulators' interest okpay accept bitcoin payment the online payment industry is growing. While Liberty Reserve didn't have any direct connection to Bitcoin payment processing, many in the Bitcoin community worry that the incident is a signal that the government is increasing its scrutiny of alternative payment schemes and that Bitcoin could be its next target. For its part, Mt. Gox aimed to put a positive spin on the OKPay news, suggesting that the whole situation will sort itself out eventually.
Gox wishes the best to OKPay, and we look forward to working together more closely in okpay accept bitcoin payment future," the company's statement explained. The Register - Independent news and views for the tech community. Part of Situation Publishing. Join our daily or weekly newsletters, subscribe to a specific section or set News alerts. The Register uses cookies. Brakes slammed on Pentagon's multibillion cloud deal Risky business: You'd better have a plan for tech to go wrong.
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