We've re-opened two of our "Pay to" options on
BitInstant.com:
1) Bitcoin to email (receive BTC directly to your email address)
2) Bitcoin address (receive BTC directly to your Bitcoin account)
While customers will be happy to see these options return, please note that BitInstant will now be doing "OFAC" checks on cash deposit orders that go through these methods. OFAC (stands for "Office of Foreign Asset Control") checks require a customer's full name and date of birth. This information is checked against a "blacklist" managed by the US Department of the Treasury. This blacklist includes people for whom US companies are not allowed to process transactions, primarily due to alleged or proven criminal or terrorist activity.
As BitInstant is continually working to operate in full compliance with US law, the company now requires this additional information before processing any orders that use the Bitcoin to email or Bitcoin address as a "Pay to" method. In the interest of transparency, we've also updated the BitInstant
Privacy Policy to reflect this new change.
You can read more about OFAC checks
here.
This update has also been posted on our
blog.
It's a pleasure to serve you all!
-Charlie
