Bitstamp in Slovenia. What if the country follows Cyprus' woes?

[Pruden]

Hi!

As a member of the SEPA zone, I am very satisfied with Bitstamp exchange service in the short month since I bought my first bitcoin, but I wonder what would happen if Slovenia, the country where Bitstamp is based and where the fiat money transfers are made, suffered something similar to the block on Cypriot bank accounts. It is not that a pessimistic prospect in my view.

I hope you don't mistake this message for FUD spreading; after all, many of us are here for lack of confidence on monetary authorities.

[NABiT]

I too am very satisfied with the Bitstamp exchange service but had similar thoughts after reading this blog - Slovenia Under Pressure; Risk of Next Cyprus Already at Hand - http://globaleconomicanalysis.blogspot.co.uk/2013/03/slovenia-under-pressure-risk-of-next.html

Something to keep an eye on.

[Herodes]

Not only keep an eye - get the money out of Slovenia. Better safe than sorry.

http://www.foxbusiness.com/investing/2013/03/28/will-slovenia-emerge-as-next-epicenter-euro-crisis/

[mazi]

Some people think Slovenia is pretty safe:

http://www.welt.de/wirtschaft/article115064589/Das-sind-die-naechsten-vier-Opfer-der-Euro-Krise.html (in German).

[Herodes]

Slovenia is all over the news here in Norway. Not looking good.

[joehal]

Dammit. Well, I don't think Slovenia is in any trouble, but I wired some money to Bitstamp, and they asked me nicely how much money I want to transfer, I told them how much, the website said - sure, no problem

And then after the money arrived - they said, sorry we can't allow you access to the money. First you have to be verified.
I said OK - I sent them the papers - and they were denied.
 Damn. Now why didn't they told me that before I sent them the money ?

[Newscastix]

Good question...

you should ask in the official Bitstamp thread how they handle this scenario:

https://bitcointalk.org/index.php?topic=38711.0

[joehal]

I can't yet. I can only post in this side of the forums. I have to wait a certain amount of time.

[Newscastix]

I can't yet. I can only post in this side of the forums. I have to wait a certain amount of time.

It took me less than 24 hrs to get out of newbies... you can do it! 

[NABiT]

New banking details for @Bitstamp clients. https://www.bitstamp.net/article/new-banking-details/

[ex-trader]

Slovenia has deteriorating finances, but actually has less debt/GDP than most European coutries right now, so don't worry.

Also you must understand that the Cyprus seziures were a crazy one-off, only done because they were so in debt and they knew the money they seized would be primarily from Russians who had invested their money in Cyprus to hide it.

Lastly, I doubt Bitstamp has a large amount held in cash, most of the monies will have been invested in Bitcoins held on behalf of other. The security of the coins in any exchange is an order of magnitude more important than the cash they hold.