[BitFunder] Asset Exchange Marketplace + Rewritable Options Trading

[alphaking]

I cannot believe this is true.

[romerun]

is Ukyo US citizen?

[freedomno1]

Important Notice (November 4, 2013)
 
Please be advised that BitFunder is ceasing operations.  In connection with BitFunder’s shut-down, please note the following points, which supplement the points outlined in BitFunder’s October 8, and October 11, 2013 notices:
 
* As of November 14, 2013, no BitFunder user will be able to enter into any new positions or sell positions on the BitFunder website.

* BitFunder users are encouraged to transfer their shares from the BitFunder site to the respective issuer(s) no later than December 1, 2013.

* As of December 2, BitFunder will initiate a transfer from the BitFunder site to the respective issuer(s) of any remaining shares held by BitFunder users, and will provide the issuer(s) with the public bitcoin address associated with the user account.  After transfer, each user will need to work with the issuer(s) with respect to the future treatment of the shares.

* On December 2, 2013, bitcoin balances in the accounts of all users will be transferred to their WeExchange accounts.

* As of the date of this notice, BitFunder is not assessing any new fees against any BitFunder user.

* Notwithstanding the shut-down, the site will remain available for viewing and users will be able to request records from BitFunder until at least December 15, 2013.

BitFunder appreciates your understanding in these matters.

I will be making a detailed post explaining more later on. I know this will be hard for some of you, but please try to hold off on the conspiracy theories until then.

Thank You,
Ukyo

Well that is two down havelock remains and has legal support and I guess 796 has Chinese support as their license isn't in danger and Crytostocks for the outlier exchange

[SOSLOVE868]

UKYO is that possible to disclose yourself to the community?  I really concern the safety of my UKYO loan and my remaining BTC in the BITFUNDER.
 

[Puppet]

i wonder how havelock can continue easily.

They cant. Its only a matter of time.

[thecoinjournal]

i wonder how havelock can continue easily.

They cant. Its only a matter of time.

If the Canadians are running an exchange in Panama and excluding all the US investors, I don't see what the business of SEC of US.

[Rannasha]

i wonder how havelock can continue easily.

They cant. Its only a matter of time.

If the Canadians are running an exchange in Panama and excluding all the US investors, I don't see what the business of SEC of US.

Team America - World Police doesn't let silly things like borders interfere with their cleansing of all the diabolical schemes taking place with virtual drugs-money!

Yes, sarcasm.

[moribana]

i wonder how havelock can continue easily.

They cant. Its only a matter of time.

If the Canadians are running an exchange in Panama and excluding all the US investors, I don't see what the business of SEC of US.

I think that Bitfunder was also not US based. And still it had to be closed for some reason...

[Fabrizio89]

i wonder how havelock can continue easily.

They cant. Its only a matter of time.

A Private Investment Company that has been in business since 2008 acquired Havelock, so they are safe. By the end of the week there will be an "about us" page for Havelock posted on the site:
http://www.supervalores.gob.pa/files/Sociedades/Sociedades_Inversion_Privada_DRA.pdf

[Puppet]

If the Canadians are running an exchange in Panama and excluding all the US investors, I don't see what the business of SEC of US.

Blocking direct US investors is an important step, but probably not enough:

In our view, an exchange generally would be considered to have taken steps reasonably designed to prevent U.S. persons from accessing the market through its Web site if it:

Posts a disclaimer on the Web site affirmatively stating either the countries in which the exchange's services are directly available, or that the exchange's services are not directly available to U.S. persons;
Requires potential members or direct participants in the exchange to state their residence and mailing address;
Refuses to allow trading on the exchange through the Web site by any person that the exchange has reason to believe, or that indicates it, is a U.S. person; and
Refrains from making arrangements to provide U.S. persons with access to the exchange over the Internet indirectly through its members. 59

http://www.sec.gov/rules/interp/33-7516.htm

You'd have to block all "pass through" operators too, not an easy task.

And even if you can get the SEC of your back, that only leaves you in violation of security and exchange commission regulations in just about every other country in the world.

[BitThink]

i wonder how havelock can continue easily.

They cant. Its only a matter of time.

If the Canadians are running an exchange in Panama and excluding all the US investors, I don't see what the business of SEC of US.

If I am not wrong, one of ex-presidents of Panama was put in jail by US army (many years ago). I know it's not relevant, just think it is interesting.

[ffwong]

i wonder how havelock can continue easily.

They cant. Its only a matter of time.

If the Canadians are running an exchange in Panama and excluding all the US investors, I don't see what the business of SEC of US.

If I am not wrong, one of ex-presidents of Panama was put in jail by US army (many years ago). I know it's not relevant, just think it is interesting.

That is the truth. Your memory is correct.

[shmoula]

a little bit of conspiracy: exchanges are closed, because there is need to have decentralized exchange. bitcoin is product of some us&a intelligence service and they need community to continue development more

[moribana]

If the Canadians are running an exchange in Panama and excluding all the US investors, I don't see what the business of SEC of US.

And even if you can get the SEC of your back, that only leaves you in violation of security and exchange commission regulations in just about every other country in the world.

You certainly read a lot in many different languages if you can claim this  Even if this is true, fortunately there are not many other countries that want to enforce their laws all over the world, like the US.

[Puppet]

You certainly read a lot in many different languages if you can claim this 

Most countries have this information available in English. Not that it matters, the capital market is a global one and regulations and the underlying principles are pretty similar all over (mostly because its based on common sense).

Even if this is true, fortunately there are not many other countries that want to enforce their laws all over the world, like the US.

No, but what people dont understand is that these regulators are not there to put domestic or foreign fraudsters in jail or out of business, but they are all mandated to protect their domestic investors from abuses, be it domestic or foreign. Not all of them may take this quite so seriously or have the means that the SEC has,  but if your business model depends on regulators all over the world not caring that you break their laws, then Id suggest you rethink your business model.

[VinceSamios]

Ok I'm throwing my prediction in the ring.

I suspect WeEx is becoming a KYC provider for bitcoin businesses.... it would make so much sense... Get loads of people verified before shutting down bitfunder, now weex will become "the focus" however we can't see anything unique being offered by weex... It would be a smart positioning...

[pascal257]

Ok I'm throwing my prediction in the ring.

I suspect WeEx is becoming a KYC provider for bitcoin businesses.... it would make so much sense... Get loads of people verified before shutting down bitfunder, now weex will become "the focus" however we can't see anything unique being offered by weex... It would be a smart positioning...

Compared to other exchanges WeExchange is a piece of garbage. Its sole purpose is the use with BitFunder. If with user verification it adds no benefit whatsoever.

[thy]

So, with no btct and no bitfunder what other options we have?

Havelock if they are able to continue there business now with there move to Panama.

And then we have Cryptostocks, im not a huge fan of how Kumala, Cryptostocks owner and Vircurex majority owner has treated the minority owners in Vircurex, but i guess Cryptostocks will probably be the last of the BTCstockexchanges to still stand. They will probably not get affected by any actions SEC or any other USA based government organization can take.  

[SOSLOVE868]

Does anyone knows when we can withdraw our BTC from Weexchange?

[Pompobit]

We all want to know it. In the mean time, before the things are fixed, should be fine to get the bitcoins stucked back in the bitfunder accounts, so we could take advantage of the last days of trading