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Author Topic: Ego Pay just got shut down by the US Gov't...Go Bitcoin!!  (Read 5877 times)
supersajin (OP)
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February 14, 2014, 05:38:24 PM
 #1

Due to the current United States laws, all EgoPay accounts that belong to U.S. Citizens/Residents/U.S. Companies will be locked on the 28th of March. You can still implement your operations the same as before until 14th of March. Please note, that after 14th of March you will not be able to receive any funds and will only have an option to send or withdraw your funds.

Please manage your payments and withdraws in time.

This should be a nice boost to Bitcoin!!  Pretty soon Bitcoin will be the only payment system Americans can use for internet investment programs!!

Thoughts?

Holliday
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February 14, 2014, 05:39:30 PM
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I've never heard of Ego Pay until now.

If you aren't the sole controller of your private keys, you don't have any bitcoins.
jongameson
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February 14, 2014, 05:40:37 PM
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lego my eggo
gog1
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February 14, 2014, 05:46:59 PM
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egopay is just another okpay.
supersajin (OP)
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February 14, 2014, 05:47:26 PM
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I've never heard of Ego Pay until now.

EgoPay is 5,875 in Alexa rank and #6 e-payment processors

ArticMine
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February 14, 2014, 06:58:19 PM
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No. Ego Pay has not been shut down by the US Government. The have chosen to comply with US laws by not taking US Persons as clients and closing the accounts of their current US Person clients. This likely due to FATCA.  https://en.wikipedia.org/wiki/Foreign_Account_Tax_Compliance_Act http://www.irs.gov/Businesses/Corporations/Foreign-Account-Tax-Compliance-Act-%28FATCA%29 Big difference.

Yes this is still bullish for Bitcoin.

Concerned that blockchain bloat will lead to centralization? Storing less than 4 GB of data once required the budget of a superpower and a warehouse full of punched cards. https://upload.wikimedia.org/wikipedia/commons/8/87/IBM_card_storage.NARA.jpg https://en.wikipedia.org/wiki/Punched_card
guybrushthreepwood
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February 14, 2014, 07:09:27 PM
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Due to the current United States laws, all EgoPay accounts that belong to U.S. Citizens/Residents/U.S. Companies will be locked on the 28th of March. You can still implement your operations the same as before until 14th of March. Please note, that after 14th of March you will not be able to receive any funds and will only have an option to send or withdraw your funds.

Please manage your payments and withdraws in time.

This should be a nice boost to Bitcoin!!  Pretty soon Bitcoin will be the only payment system Americans can use for internet investment programs!!

Thoughts?

What laws are these? they seem to have a lot of exchanges by the balls compared to other places in the world.
cypherdoc
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February 14, 2014, 07:11:45 PM
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No. Ego Pay has not been shut down by the US Government. The have chosen to comply with US laws by not taking US Persons as clients and closing the accounts of their current US Person clients. This likely due to FATCA.  https://en.wikipedia.org/wiki/Foreign_Account_Tax_Compliance_Act http://www.irs.gov/Businesses/Corporations/Foreign-Account-Tax-Compliance-Act-%28FATCA%29 Big difference.

Yes this is still bullish for Bitcoin.

details, details.
keithers
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February 14, 2014, 07:31:06 PM
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Never used ego pay, but it appears as though it is just prohibiting United States people from using it.   US drops the hammer on so many businesses it is not even funny.
jongameson
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February 14, 2014, 10:52:52 PM
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Never used ego pay, but it appears as though it is just prohibiting United States people from using it.   US drops the hammer on so many businesses it is not even funny.

drops the hammer - circa 1989 Mc hammer?
TheButterZone
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February 15, 2014, 12:14:42 AM
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Hebrew Hammer!

Saying that you don't trust someone because of their behavior is completely valid.
gminds
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February 15, 2014, 06:29:02 AM
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Egopay was'nt shutdown..thread title is misleading
rohnearner
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February 15, 2014, 07:41:10 AM
 #13

Due to the current United States laws, all EgoPay accounts that belong to U.S. Citizens/Residents/U.S. Companies will be locked on the 28th of March. You can still implement your operations the same as before until 14th of March. Please note, that after 14th of March you will not be able to receive any funds and will only have an option to send or withdraw your funds.

Please manage your payments and withdraws in time.

This should be a nice boost to Bitcoin!!  Pretty soon Bitcoin will be the only payment system Americans can use for internet investment programs!!

Thoughts?
shut down by US govt or they opted to not to do business in US..? because we  all know what happened with Liberty Reserve , and other payment processors ..!
And just wanna say Bitcoins is not here for Internet Investment programs.. its here for much more..!

bryant.coleman
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February 16, 2014, 02:49:55 AM
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Egopay was'nt shutdown..thread title is misleading

Yes. The problem is only for American users.
zahra4571
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February 16, 2014, 01:35:06 PM
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No gambling for american users and no egopay and no no no. many no. What is the differrence between USA and China?

supersajin (OP)
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February 16, 2014, 02:14:35 PM
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No gambling for american users and no egopay and no no no. many no. What is the differrence between USA and China?

We can gamble, they just want Americans to use corporate approved and taxable funds!  Meanwhile gambling is looking to be approved in 15 states.  Our government can be quite hypocritical

Bitcoin Exchanger
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January 17, 2015, 02:42:31 PM
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Never used ego pay, but it appears as though it is just prohibiting United States people from using it.   US drops the hammer on so many businesses it is not even funny.

drops the hammer - circa 1989 Mc hammer?
Yes after all these predictions egopay has shown its value... I just read a news about its shutdown you may delete this reply for posting link but it is a information
http://www.peakcheap.com/egopay-stolen-millions-egopay-scam-shutdown/
Rishblitz
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January 17, 2015, 07:04:37 PM
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the only other e currency I have used is paypal and I quit that a long time ago.

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