Comment · Fri, April 7, 2017 · Ceretropic & Nootropics Depot
Coinbase closing accounts associated with Nootropics depot
Original post in this thread
Shortl4ndo · 47 points
Hello,
Thank you for your interest in Coinbase. Our primary goal is to make digital currency safe and secure for our customers. Coinbase is a regulated Money Services Business under FinCEN (FinCEN.gov), and as part of achieving this goal, we are legally obligated to implement regulatory compliance mechanisms.
Upon careful review, we believe your account has engaged in prohibited use in violation of our Terms of Service and we regret to inform you that we can no longer provide you with access to our service. We respectfully request that you follow the on-screen instructions presented when you log into your Coinbase account to send any remaining balance offsite to an external address.
Should you have any questions or need assistance, please let us know and we'll be happy to help.
Respectfully,
Coinbase Customer Support
I only ever made 1 purchase using that Coinbase account, which was to Nootropics Depot.
It was sometime last week. Purchase was fulfilled - although I got the above email earlier today.
Edit: And others - https://www.reddit.com/r/Nootropics/comments/63x7ik/challenges_with_nootropics_depot_payments/dfyg6av/
What they were answering
liftmode · 9 points
Coinpayments.net accept Ether, Monero and most other cryptos, they have been reliable in our experience. Shapeshift may also have a solution.
You operate your company in a stand up manner, and in full compliance with the laws as written, it is truly shameful that you are having to deal with this bullshit in a country that supposedly professes free enterprise and rule of law. If the regulators think there is an issue, they could at least have the basic decency and integrity to do their job and express their view as an actual administrative action subject to due process and judicial review, rather than leaning on companies like Coinbase and pushing them to be complicit in carrying out this sort of disgraceful cowardly financial censorship campaign for them.
u/MisterYouAreSoDumb · Ceretropic & Nootropics Depot
I actually signed us up for a Coinpayments account. We are in the process of seeing how to integrate it now.
This whole financial industry bullshit is ridiculous... I'll PM you with some details on another much larger issue we are having now. It really never ends.