CampBX Has Been Dropped By Their Bitcoin Fearing Bank: They've Halted ACH And Wire Transfers In And Out
According to an interview with CampBX's CEO back in May of 2013, CampBX has always aimed to be the premier regulatory compliant US-based fiat-Bitcoin exchange in the world. They have successfully registered as a money transmitter on both the federal level and the state level and they are based in Alpharetta, Georgia. CampBX's CEO claims to spend between sixty and seventy-five percent of funds on regulatory compliance and has revealed that several thousand users have already failed CampBX's verification process. CampBX files quarterly reports including suspicious activity and large....
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Alpharetta, Georgia-based CampBX today announced some unfortunate news on the front of ACH and wire transfers for users looking to both deposit and withdraw funds from the bitcoin exchange. The exchange's banking partner has jumped ship "due to regulatory uncertainty and recent spate of negative news for Bitcoins," according to a statement posted on the service's website. CampBX states that all withdrawal transfers not yet processed will be refunded to user accounts by 5pm Eastern time on Saturday, Feb. 1st. "All USD and BTC balances are accounted for," the company states, seemingly in....
US bitcoin trading platform CampBX has announced that it has temporarily halted automated clearing house (ACH) and wire transfers effective 31st January. Alpharetta, GA-based CampBX indicated in a blog post to its users that its bank has "made a business decision to not work with bitcoins and bitcoin companies". The bank cited regulatory uncertainty, as well as recent negative bitcoin news, as the driving force behind the decision. Unfortunately we have some bad news regarding our ACH and WIRE processor. Please see the update here: https://t.co/R0p8WWfYa0. - CampBX - Bitcoin (@CampBX)....
One feature many CampBX bitcoin exchange users have been long awaiting has been the ability to deposit funds in USD via ACH. That is, wiring funds from their bank account. Up until now, users have not been able to do this, and if they wanted to fund their CampBX account, they'd need to write out a check or send a money order. On the 21st of November, ACH capabilities were to be added to the CampBX platform. Then came the date, and the site displayed a message noting that ACH depositing wouldn't be available until the 27th of November. That date, of course, has passed. As of this writing,....
Today, In Bitcoin We Trust, IBWT, announced that they have teamed up with OKPAY to allow customers to use wire transfers to deposit funds in either in either GBP, USD, EURO, or their latest addition, CAD. Individuals already set up with OKPAY will now be able to deposit to IBWT. In Bitcoin We Trust issued the following press release: IBWT INTRODUCES BANK WIRE TRANSFERS, USD, CAD, EURO, GBP. IBWT has teamed up withOKPAY to allow customers to deposit funds in either GBP, USD, EURO, or their latest addition, CAD. Over time they plan to integrate further denominations for international....
The Bank of America Tower in New York City. Bank of America has filed a patent with the US Patent & Trademark Office (USPTO) for a system of wire transfers using cryptocurrency. Published 17th September, the patent describes a system in which funds are sent between accounts using cryptocurrency technology. The word "blockchain" or "block chain" does not appear in the patent. Thomas Edward Durbin and James Gregory Ronca, authors of the filing, state: "Enterprises handle a large number of foreign wire transfer requests on a daily basis. As technology advances, foreign transactions have....