Entries with tag immigration and customs enforcement agency.

US Blocks Some Major Bitcoin Exchange Transactions

The US Department of Homeland Security’s (DHS’s) Immigration and Customs Enforcement agency has taken  legal action to stop the Dwolla online payment service from processing bitcoin virtual-currency transactions. Dwolla can now no longer send funds to Mt. Gox, the world’s largest bitcoin exchange. Some Bitcoin exchanges let users buy bitcoins with money transferred via Dwolla and then sell bitcoins with the proceeds transferred to them via Dwolla. In a warrant, DHS accused Mt. Gox of operating an unlicensed money transmitting business. In its investigation, DHS said, it used an undercover informant who bought bitcoins using Dwolla and subsequently had them converted to dollars. In a statement posted on its Google+ account, Mt. Gox said “we have not been provided with a copy of the court order and/or warrant, and do not know its scope and/or the reasons for its issuance. Mt. Gox is investigating and will provide further reports when additional information becomes known.” (CNET)(Ars Technica)(The New York Post)(Mt. Gox)
 

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