Coinbase banned Germany & Luxembourg (cross-post)

[BitCinderella]

Could this be why the price is falling?
Could German traders confirm?

Hey,

I am logged into my account Coinbase to buy Bitcoins.

I get the following message:

Sorry! Buy & Sell not available in Germany

We are not able to Provide exchanging bitcoin in your region yet. Consider Contacting your local government. Learn More>

It seems to be also affected Luxembourg alongside Germany.
The rest of Europe (32) are not affected.

Since Localbitcoin is banned in Germany, seems probably because the German "local government" there which prohibit.

Does anyone have any info, is on what legal basis prohibited here?

[sandiman]

Could this be why the price is falling?
Could German traders confirm?

Hey,

I am logged into my account Coinbase to buy Bitcoins.

I get the following message:

Sorry! Buy & Sell not available in Germany

We are not able to Provide exchanging bitcoin in your region yet. Consider Contacting your local government. Learn More>

It seems to be also affected Luxembourg alongside Germany.
The rest of Europe (32) are not affected.

Since Localbitcoin is banned in Germany, seems probably because the German "local government" there which prohibit.

Does anyone have any info, is on what legal basis prohibited here?

Just use Kraken then 

[BitCinderella]

Just use Kraken then  

Not German myself. I didn't know they're cracking down though, even Loacalbitcoin doesn't work in Germany

The site itself is not banned, you can still open it from Germany. However, localbitcoins itself decided not to serve customers in Germany anymore.

[Recordura]

Looks like the same thing happening in Canada:

I just go this email from Coinbase.com. [...]
All customer CAD stored with Coinbase MUST be withdrawn off site or converted to digital currency by July 29th.
[...]

[Torque]

Same in USA...I just go this email from Coinbase.com. [...]
All customer USD stored with Coinbase MUST be withdrawn off site or converted to digital currency by July 29th.
[...]

Yep
...oh wait, I'm not a newbie troll account created within the last week. So ignore the FUD.  

[Recordura]

Same in USA...I just go this email from Coinbase.com. [...]
All customer USD stored with Coinbase MUST be withdrawn off site or converted to digital currency by July 29th.
[...]

Yep
...oh wait, I'm not a newbie troll account created within the last week. So ignore the FUD.  

Have you followed the link (quoted post)? https://bitcointalk.org/index.php?topic=1542247.msg15504900#msg15504900
What's wrong with you?

[escrowboy]

Just use Kraken then  

Not German myself. I didn't know they're cracking down though, even Loacalbitcoin doesn't work in Germany

The site itself is not banned, you can still open it from Germany. However, localbitcoins itself decided not to serve customers in Germany anymore.

Might be the reason why the price is falling it's because demand is decreasing in your region. But I wonder why they need to do that? maybe your government already doing an act to avoid bitcoin being develop in your country and will not conflict with what they want.