Bitcoin trouble

[Werner Koch]

Hi!

On July 7 we received 22 BTC from 1FxkfJQLJTXpW6QmxGT6oF43ZH959ns8Cq to
our campaign address 1EAw3RnaALKiES8Ap93SwwDx4fsoY12wzF [1].

Meanwhile I converted these and 4 other received Bitcoins to Euro using
Bitwala.com.  The net result on our account is

| 2017-09-07 |  3615.64 | Exchange of 1 BTC        |
| 2017-09-11 | 38650.36 | Exchange of 10 BTC       |
| 2017-09-14 | 25868.08 | Exchange of 10 BTC       |
| 2017-10-06 | 18197.53 | Exchange of 5 BTC        |
             ------------                
               86331.61 EUR

Bitwala is registered in the Netherlands and our bank received the money
via a Dutch bank.  Bitwala did all the required identification for the
Verein and me and I used that Bitwala account for the conversion.  But
that identification is not enough.  Due to money laundering laws our
(receiving) bank wants to know the real origin of the money and not just
that it was sent from Bitwala.

We publish all transactions at https://gnupg.org/verein/finances.html
which should be enough evidence that there is no money laundering issue
here.  However the law or the current practise requires something
different.

I had a few phone calls with the bank.  The outcome is that they need to
know the origin of the 22 BTC and possible also those of the other 4
BTC.  Until this has been resolved they have frozen the account.

Sure, we could have side-stepped this issue and kept the Bitcoins in our
wallet.  The problem with that approach is that we would have incomplete
financial reporting and would risk our charitable state.  Thus the board
agreed to exchange the Bitcoins as soon as possible.

Does anyone known why the address 1FxkfJQLJTXpW6QmxGT6oF43ZH959ns8Cq is
often used in code examples - is it related to Ethereum?


Shalom-Salam,

   Werner


p.s.
I'll will tell the bank the (public) URL of our mailing list
archive so that they can also follow our discussion.

[1] <https://blockchain.info/tx/9ec1013b9c6073918537647f2063ffaf7e02252e3f093eb7a17aa44471390dd8:

-- 
GnuPG e.V., Rochusstr. 44, D-40479 Düsseldorf.  VR 11482 Düsseldorf
Vorstand: W.Koch, A.Heinecke, n.n.            Mail: board at gnupg.org
Finanzamt D-Altstadt, St-Nr: 103/5923/1779.   Tel: +49-2104-4938799
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