COINBASE now seizing accounts of Americans

[SimmonenY]

This is the whole new level of not giving a sh*t about their clients.

[HabBear]

On a side note, withdrawing from CoinBase is probably recommended now that all this is happening.

Yes, in fact Coinbase is the entity recommending, even asking account holders that reside in Hawaii or Wyoming to transfer their bitcoin out of their Coinbase wallets to exchanges that can serve them properly. Coinbase also asks these users to close their accounts.

Here's the quote from the press release on the Coinbase website (HI specific): "We ask Hawaii customers to please: Remove any digital currency balance from your Coinbase Account. Please note that you may remove digital currency from your Coinbase Account either by selling digital currency on the buy/sell page of your Coinbase Account (ordinary fees and restrictions apply), or by sending your digital currency to an alternate digital currency wallet; AND Visit this page to close your Account. We understand this suspension will inconvenience our Hawaii customers and we apologize that we cannot currently project if or when our services may be restored."

It's sad that while Coinbase is doing the honest thing for its customers, i.e., notifying them of discontinuing service and suggesting people direct their funds elsewhere, so many forum members are being dishonest in their portrayal of the facts.

This is the whole new level of not giving a sh*t about their clients.

If  they are seizing accounts for no reason except for baseless accusations then they deserve to get sued by their customers.
I also heard they have a class action lawsuit filed against them for unlawful practices by a few states.

This is day light robbery. Their reputation isn't really getting any good.

Where are the facts? There's only shared frustration that government is continuing to get in the way. If we start misrepresenting the facts we'll only hurt ourselves and this project.

[setupbounds]

If this is true it is theft,how can a company decides to close down the account simply because they are from one particular state,they must warn the users and let them withdraw the coins and ask them not to use it rather than closing their account and stealing their coins,this is the main reason why everyone is telling to keep your coins in your own wallet and never trust any web wallets.

If it is like so it is unfair. Yes they should at least be warned before seizing their accounts. Otherwise it can be considered as stealing their bitcoins. It is not only negative for the account holders but also for the company itself because if they keep doing such things no one will trust on them and it can be a serious harm to their business.

[Cosbycoin]

Wyoming:Coinbase suspended them Jun 24, 2016 due to state regulations:
https://support.coinbase.com/customer/portal/articles/1999937-coinbase-accounts---wyoming

Hawaii: May 1, 2017:
https://support.coinbase.com/customer/en/portal/articles/2754027-coinbase-accounts---hawaii

Both let you remove bitcoin etc from them.  While it is popular to blame coinbase, the people impacted should thank the voters in Hawaii and Wyoming:
https://blog.coinbase.com/how-bad-policy-harms-coinbase-customers-in-hawaii-ac9970d49b34

There is a lot of fiction and fantasy going around, but wouldn't it be better to read and understand at least some of it first?

Yes there is no doubt that the people don’t understand the things while reading it and sometimes we even don’t go through the whole of the article and just pick a few line from it and them propagate them in a wrong sense. Also if we read the article properly we will come to know what exactly happened and what the company was liable at that time to do.

[Biggapp]

If the US goverment says don't allow the 2 states access then that's what that company is going to do or they will risk being shut down completely. I imagine that each member probably got a email telling them of the reverse of membership allowance and Coinbase asked them to withdraw all coin before a deadline.

Well I think Bitcoin is a worldwide popular currency and now is using in all huge States and also in a lot of market so in this case making any prediction about it is just a fault. I don't think Coinbase going to be doing randomly without any sort of Investigation on other parts, that simply could be a claim without a bit of reason. if they were doing this kind of act, they would may be face a ton of law suits and regulation from the state government which is highly doubt they gonna want. its now their task to ensure that something illegal is not going to happen with the money invested.