Bitcoin News Journal

Mt. Gox Breakup With Australian Service Technocash


Mt. Gox announced to end their operations with Technocash from June 15th 2013. Technocash is an Australian service popular with Japanese-based BitCoin exchange Mt. Gox to withdraw & fund AUD easily in to Bitcoins.

Mt. Gox decision comes after Westpac is caught up in a money laundering sting, and that accounts owned by Technocash Ltd have been seized. According to businessday, Westpac accounts were linked to Liberty Reserve, a Costa Rican company that is said to be at the centre of the world’s biggest money laundering scheme.

Mtgox Technocash

Following is the official statement of Mt. Gox :

After some deliberation and discussion with Technocash, an Australian service for Mt. Gox customer account funding and withdrawals, it has been decided that our customers in Australia will no longer be able to deposit and withdraw funds in AUD using Technocash starting June 15th, 2013. 

We are working on alternatives for our Australian customers, but in the meantime please use other available methods such as international wire transfers, which are available in your customer accounts. Withdrawals via Technocash will be processed as long as we possibly can, and we will make our best effort to keep this method available.

Technocash becomes fourth major suspended company affiliated with Mt. gox. Last month Feds crackdown Liberty Reserve, then Dwolla and OKPay suspended their operations with Bitcoin.


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