Regulatory “issues” lead Bitcoin exchange Tradehill to suspend operations (again)

Gigaom

Tradehill, the U.S.-based Bitcoin exchange, has temporarily suspended trading due to “banking and regulatory issues” that appear to be linked to the service’s credit union partner.

Tradehill has suspended operations before. The company’s original incarnation, partly-based in Chile, shut up shop in 2012, also citing regulatory reasons, and blaming a processing partner who pulled the rug out from under the Bitcoin operation.

This time, according to Tradehill’s homepage:

“We have recently made the decision to temporarily suspend trading on the Tradehill platform, due to banking and regulatory issues. This decision has not been made lightly and we regret having to take such action. However, we embrace the silver lining of our situation and plan to take this opportunity to upgrade, improve, and polish our trading platform.”

Tradehill added that it had registered with the U.S. financial crimes authority FinCEN earlier this month and was “actively engaging with banks…

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