as a guy that likes to search out scammers and shame them.
i am afraid to say bitbox.mx is not a shady scamming company.
infact if you search fincens website
http://www.fincen.gov/financial_institutions/msb/msbstateselector.htmland search 'bit' in the company name and search all states there are only 2 businesses with Bit in their company name that have full MSB licences for all US states.
bitbox being one of them
MSB Registration Status Information
Date: 06/29/2013
The inclusion of a business on the MSB Registrant Search Web page is not a recommendation,
certification of legitimacy, or endorsement of the business by any government agency.
The MSB Registrant Search Web page, which is updated on a weekly basis, contains entities that have registered as Money Services Businesses (MSBs)
pursuant to the Bank Secrecy Act (BSA) regulations at 31 CFR 1022.380(a)-(f), administered by the Financial Crimes Enforcement Network (FinCEN).
Information contained on this site has been provided by the MSB registrant. FinCEN does not verify information submitted by the MSB.
Information provided on this site reflects only what was provided directly to FinCEN. If an error or incomplete information is detected
on this site, the registrant should follow the appropriate instructions for correcting a Registration of Money Services Business (RMSB) form.
MSB Registration Number: 31000028630016
Registration Type: Initial Registration, Corrected Report
Legal Name: BitBox LLC
DBA Name: BitBox
Street Address: 500 E Washington St, Suite 10
City: Ann Arbor
State: MICHIGAN
Zip: 48104
MSB Activities:
Money transmitter
States of MSB Activities:
Alabama, Alaska, American Samoa, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District Of Columbia,
Federated States Of Micronesia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas,
Kentucky, Louisiana, Maine, Marshall Islands, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri,
Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Northern Mariana Islands,
Ohio, Oklahoma, Oregon, Palau, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee,
Texas, Utah, Vermont, Virgin Islands, US, Virginia, Washington, West Virginia, Wisconsin, Wyoming
All States & Territories & Foreign Flag: All States/Territories
Number of Branches:
Authorized Signature Date: 06/17/2013
Received Date: 06/18/2013
because they are fully licenced they have to BY law set up strict policies and money (dollar) control processes. which they have laid out in their terms and services.
by customers not conforming to these terms, makes the customers in breach of the rules.
no where in law does it say that customers should be refunded automatically if being investigated as part of fincen guidelines/ company handbook. otherwise wouldnt paypal, banks etc require warrants purely to freeze accounts. no!
MSB can freeze an account for any reason deemed high risk.. which strangely enough includes, but is not limited to receiving a warrant order from a court. it may also include other items such as account holder is on a government watch list. received information from a third party, or even simple matters of suspicious amounts.
so in short they are not scamming you by asking you for ID. they are simply following the rules, which most customers are not use to, due to the fact that customers have become too comfortable with other non-licenced companies relaxed or lack of policies. thus thinking that no policies is the norm. which infact is not the case
this is both a good thing that bitbox is fully licenced, which means they have the experience, training and understanding of how to handle money(dollars). but also the bureaucratic nightmare of government, which bitcoin customers want to avoid.
