Crypto Coins Union: ‘We will not accept any of your payments’
By Mark Luscombe The world’s largest cryptocurrency exchange, Cryptsy, is taking its fight against the BPI and other anti-competitive tactics to court, saying it will not be taking payment from any of the cryptocurrency users who use its service.
The company said it has already received about $30,000 in payments from people who use the exchange’s platform to convert their bitcoins to Litecoin and Ethereum.
The court case, known as the “Bitlicense case”, has been referred to the European Commission and other regulators.
In a statement, Cryptosafe said it “strongly disagrees” with the decision by the EU to take action against it and would continue to fight against unfair trading practices.
Cryptosafe’s CEO, Adam Karpinski, said:”The BPI’s actions have caused harm to hundreds of thousands of people and have led to the shutdown of nearly 1,000 Bitlicense providers, the closure of dozens of bitcoin exchange accounts, and a shutdown of many other bitcoin-related services.”
We will appeal to the EC to review their decision and if necessary, to take further action, including through a judicial review process.
“It added: “We will continue to seek justice for all our users who have been affected by these actions.
“Earlier this month, the EC launched a probe into Bitlicense and the actions taken by the BNP Paribas.