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DHS Blocks Dwolla Mobile Payment Service

May 15, 2013 at 4:59 by Nicholas Gager

The Department of Homeland Security, or DHS, has blocked the ability for users to transfer money from Dwolla, the online mobile payment service to Mt.Gox the large Bitcoin trader. Dwolla told Betabeat that the company is “not party” to this matter and encourages those with questions to reach out to Mt. Gox or the DHS.

The Deparment of Homeland Security in conjunction with the U.S. District Court of Maryland have issued a seizure warrant on the funds of the account owned by Mutum Sigillium. The seizure warrant was issued on their account essentially the middle man between Dwolla and Mt.Gox.

A representative from Dwolla has said that “In light of the court order, procured by the Department of Homeland Security, Dwolla has ceased all account activities associated with Dwolla services for Mutum Sigillum while Dwolla’s holding partner transferred Mutum Sigillium’s balance, per the warrant.”

What we are seeing is the United States Federal Government trying to finding ways to work around the privacy of the Bitcoin to limit the use of it. Dwolla has however refused to honor such requests until they receive an official court order.

According to Mt.Gox as of 11:56 CST the weighted average of the Bitcoin is at $111.63 having hit a daily low of $103.01.

If you have any questions and comments on the commodities today, use the form below to reply.

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