[2017-04-18] Taiwan Banks To Block Bitcoin Withdrawals in Fiat for All Exchanges

[Vladdirescu87]

Starting April 18th, 2017, customers of one of the largest cryptocurrency exchanges, Bitfinex, won’t be able to withdraw their Bitcoin to fiat due to problems with the Taiwan banks that the crypto exchange is moving customers funds through. Is this problem only between KGI Bank, First Commercial Bank, Hwatai Commercial Bank, Taishin Bank and the Bitfinex exchange, or could it affect all banks and exchanges within Taiwan?

The full article: https://coinidol.com/taiwan-banks-block-bitcoin-withdrawals-in-fiat/

[hookbot]

100% of my USD withdrawal requests that I made last week from Taiwan banks have all been blocked. It's not just Bitfinex or Exchanges. It's all banks in Taiwan. And I can tell that this TAIWAN BANK BAN has apparently been in effect since last week, regardless of what they are suddenly claiming today.

[veleten]

100% of my USD withdrawal requests that I made last week from Taiwan banks have all been blocked. It's not just Bitfinex or Exchanges. It's all banks in Taiwan. And I can tell that this TAIWAN BANK BAN has apparently been in effect since last week, regardless of what they are suddenly claiming today.

thats weird,probably a crackdown by the goverment
if it is not cryptocurrency related,must be some Taiwan wide money laundering prevention operation
banks not paying for a week should have made news worldwide

[Kprawn]

100% of my USD withdrawal requests that I made last week from Taiwan banks have all been blocked. It's not just Bitfinex or Exchanges. It's all banks in Taiwan. And I can tell that this TAIWAN BANK BAN has apparently been in effect since last week, regardless of what they are suddenly claiming today.

thats weird,probably a crackdown by the goverment
if it is not cryptocurrency related,must be some Taiwan wide money laundering prevention operation
banks not paying for a week should have made news worldwide

We are just seeing a repeat of what happened with the QQ coin token ---->  https://blogs.wsj.com/chinarealtime/2009/06/29/china-cracks-down-on-virtual-currency-for-real/

It was easy for the Chinese government to target QQ coin because it was not decentralized like Bitcoin. The Chinese could only target Bitcoin on

a centralized level and this was via Bitcoin exchanges. The next thing that will be targeted will be person-2-person trading platforms.