04 Jul '13, 7am

Bitcoin exchange Mt. Gox resumes US dollar withdrawals following a two-week suspension by @jonrussell

Mt. Gox the world’s largest Bitcoin trading exchange. has reopened US dollar withdrawals on its service after suspending the option two weeks ago in order to make upgrades to its system. The Japan-headquartered company made the changes in order to enable its fast-growing platform to process a higher volume of payments. Over the past two weeks, Mt. Gox says it has managed to process more than $1 million in payments to customers without problems, and it is confident that the changes will represent a marked improvement for its customers. “[It's] not a perfect solution, we are quite happy with the progress made despite the conditions,” it said in an announcement. The firm has been under investigation in the US, after the Feds seized Dwolla’s payments to and from the service in May for conducting “unlicensed money transmitting” — although the company did not reveal if the tempo...

Full article: http://thenextweb.com/insider/2013/07/04/bitcoin-exchange...

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