Kraken Halts USD Deposits, Asks Customers to Switch to Euros

Kraken Halts USD Deposits, Asks Customers to Switch to Euros

Bitcoin exchange Kraken put a brief halt on US dollar withdrawals and suspended USD deposits today, offering customers a 2% bonus to convert their balances to euros (EUR). "Many USD withdrawals have been delayed beyond a limit we can accept, and it reflects poorly on our service," a customer support representative said. "All pending USD withdrawals not already in transit are being cancelled and the funds will be automatically credited back to your account." Customers can now select the 'Convert USD to EUR' option on its support page, either for one withdrawal or the entire account.....


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Quotes

At first, I only saw the negative headlines about Bitcoin and thought it was some sort of unserious speculation bubble. Then I read up on it and understood that it has the potential to change the world. And when I realized I could order pizza and pay in Bitcoin, then I was all for it!

Mathias Sundin, Deputy mayor of Norrköping in Eastern Sweden, a member of Swedish Parliament