Bitcoin terms of use via OKPAY

5/27/2013

Dear clients, please take into consideration the following changes in the of bitcoin crypto-currency terms of use in OKPAY services.

During the time of bitcoin crypto-currency processing, which is a unique electronic currency of it’s kind, we had many opportunities to evaluate the characteristics and specificities of this sector of e-commerce, particularly the high risks associated with the shadow part of money circulation.

To reduce the risks and potential dangers, and in connection with anti-money laundering legislation, we decided to apply certain restrictions to bitcoin e-currency terms of use.

We rely on receiving payments in bitcoin in favor of verified OKPAY merchants leading a legitimate business which passed appropriate legality and AML checks. Bitcoin withdrawals from OKPAY account also remain available to all verified users.

Please note that OKPAY Card cannot be purchased or loaded with bitcoin.

10.01.2014 update

Please find the updated banking details for GBP currency which do not have crypto-currency restrictions on the Add Money » Wire Transfers page. Thank you

Back to the news list