Didnt the one in the US have like 3000?

Glad you feel that way, hope to see you there!


What would you consider going forward? Always open to suggestions, so long as they are doable with transparency and for the better of the community.

How do you want me to present it?

Seems I'm another victim unfortunately. Do you want me to provide the PM conversation?

You can be certain that the FBI, CIA, SEC and other three letter agencies all have at least interns browsing these pages.

Chase meeting was with a banker and a manager.  Neither of them had any idea about bitcoin.  But the did seem to be reacting to directives from the Treasure/FED/Bank Regulators that ANY currency business is problematic.    I told them we had registered with FinCEN as an MSB but that did not matter.  The risk profile for the business line was enough for them to nix it.

I'm not familiar with BLF's banking or payment processing problems.  But they are shipping a physical product and they are not in the currency business.

Interesting read.   Wonder who are the FBI agents that seem to hang out on this site? 
Can you tell us a little more about your chase meeting?   Like the level of contact that told you this, and your background as a business customer of Chase?   Also, did you tell them you were going to be a MSB business?

It would seem that BFL is not having much problem keeping their account open and most of their payment processor problems seem to stem from the number of customer complaints.   Do you think that is because they are merely a vendor of machines?

I am putting together an introduction packet to take to my bank.  This is with a view of having a place that will accept the bitfloor check and disburse the money to it's rightful owners.  I do not expect this effort to bear fruit, but I plan to do it right.

In that letter, I will give my personal 1 page introduction to bitcoin, and a reference to the March FinCEN clarification, and a cover letter telling how bitcoin fits into the bank's business and gives them an advantage with their existing customer base.

I have heard that there is an FBI position document on bitcoin.  I do not know if this is public, or leaked.  I would like to avoid having a leaked document in my packet.

If anyone has some links to other documents I invite you to mention them here.  I want to have all of the negative and restrictive news in my opening packet, so that the bank can't discover anything that I have failed to include.  I think these documents should be from federal agencies, recognized financial groups, or other sources likely to be valued by bankers.  I will not use any sources from Destroy Banks for Anarchy and the like.  The Rolling Stone and Mother Jones would be good sources, if they have published anything.

It would also be helpful to have a list of those places that have been closed or brought under scrutiny.  Again, if the bank finds out from me, I am still credible.  If their due diligence shows that I have been transparent, I maintain my credibility.