Originally Posted by
Buffalo Nickle
BitCoin is not untraceable at all. In fact, it is fairly easy to determine your activities by following the blockchain and this is what Coinbase does to determine if people are gambling. They can spot gambling site activity through the blockchain easily if they decide to do it.
It's not that much to worry about. They need to stop some people from gambling to stay legit in the eyes of the govt. This is just like ** or **. They know why anglos in America are sending money to Costa Rica and they will do it for you but they have to at least shut down some people to keep the govt off their back so they get a few of the people that are just obvious about it. Then when the govt comes calling, they have a whole list of people they have stopped from gambling and show they are making a legit effort.
If you just make a few deposits here and there, you will be fine. If you are going to move money in and out all the time, they are probably going to look into your activity.
Also, my understanding is that they let you transfer your money out to your bank and then they close your account. If Coinbase shuts you down, you've still got Circle. If they both get you, you probably need to stop gambling.