Bitcoin’s Big Bank Problem: Why Did Mt. Gox Halt US Payouts?

“The world’s best-known Bitcoin exchange stopped paying out customers in U.S. dollars Thursday. Mt. Gox didn’t exactly explain what was going on, though. It blamed an ‘increased volume’ of transactions, and said it would suspend U.S. cash withdrawals for two weeks as it sorted things out. The issue ‘is with processing the sheer volume through our banks in Japan, which is causing a delay,’ said Mt. Gox’s Thomas Glucksmann-Smith in an email message. ‘We are currently attempting to improve our services for this. In the meantime USD deposits are unaffected as are other currencies.'”

http://www.wired.com/wiredenterprise/2013/06/mt-gox-stops/

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