Spurred By Regulators, OKPay Pulls Plug On Bitcoin Processing

By  |  May 29, 2013
 | 

Mt. Gox announced in a release on Tuesday that its longtime partner, OKPay, would be stopping all wire transfer services to and from Bitcoin exchanges, including Mt. Gox, sometime over the next few weeks. The Japan-based company indicated that withdrawals would not be cut off, but that the amount that could be withdrawn would be limited to the amount deposited through OKPay.

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    “The Bitcoin economy is going through many changes recently, and we are positive that they will ultimately work themselves out in the best interests of the community and the world,” Mt. Gox said in a statement.

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    Any remaining balance, Mt. Gox says, would need to be withdrawn from OKPay by users through another available method.

    Read the full press release from Mt. Gox here.

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