Mt. Gox Denies Links to Silk Road Narcotics Bazaar

Journalist:
Gordon Hall
January 15, 2014

Mt. Gox has just issued a public statement denying any reported linkage to the Silk Road.

The media report Gox refers to is presumably this piece on The Genesis Block.

TGB reports that the Gox account seizures enacted by US regulators in 2013 were related to the Silk Road investigation. At the time, it was widely reported (perhaps as a smokescreen) that accounts were seized due to violation of money transmission regulations.

Mt. Gox’s press release reads as follows:

TOKYO – JAPAN – January 14, 2014

Dear CustomersRecently published media accounts are inferring a link between MtGox and the former online Silk Road marketplace and other illegal services and activities. MtGox denies that it has ever knowingly assisted, agreed to assist, or willingly cooperated with anyone to use Bitcoin to engage in illegal or illicit transactions.

MtGox has always endeavored to prevent its online Bitcoin exchange service from being used for illegal or illicit purposes, including implementing AML/KYC policies and procedures which are being regularly improved and updated as MtGox has grown and had to address new threats and issues. MtGox, through its US subsidiary has been legally registered as a money services business with FinCEN as of June 27, 2013.

Regards
Mt.Gox Co. Ltd Team.

Mt.Gox Contact press@mtgox.com

Last modified (UTC): April 20, 2014 18:28

Gordon Hall

Former swing trader of equities and daytrader of futures, out to make it in this crazy crypto world. I'll be doing some chart-reading aka fortune-telling, plus some interviews with crypto developers and miners. And maybe even some cartoons. If you like the cut of my gib, visit my website (goldrhino.tk) and pick up a Ⓑ keychain or Ⓑ leather mousepad.