Tradehill, an exchange for virtual currency Bitcoin, is moving its customer accounts to the $3.8 million Internet Archive Federal Credit Union, a newly opened institution in New Brunswick, N.J., according to a report by Bloomberg.
That news organization said it had obtained a copy of an email sent by Tradehill to clients that indicated that their accounts were frozen as of Aug. 23 and that transitioning an account to the IAFCU involved providing a government-issued photo ID along with a Social Security number.
Clients who declined were offered the opportunity to liquidate their holdings, the report said.
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