LindenLab posted yesterday on their official blog a post saying they will start to remove ATMs from SecondLide as of 22 of January !
The only way a bank could continue to operate in SL is to register with LL:
"We will not apply this policy to companies who submit a registration statement, charter, or other applicable license from a governing regulatory authority, or who are merely conducting marketing or education, but not accepting payments."
As a reaction, many people started to withdraw their money from banks, including from JT Financials and the SL Capital Exchange. Consequently cash withdrawals from JTF has been limited (see this post from Arbitrage Wise in the forums).
For the time being I do trust the team at JTF to manage this situation, even if I'm not really surprised by LL decision. My money is still by JTF and partly invested in SLCapex, and remember that even if the withdrawal stop may look "Ginko-ish" the reasons are totally different: Ginko was short of cash - JTF is not !
So no panic, and let's see how things will go on ! The LL decision is new, and JTF will submit for a registration, so the best for the time being is wait and see. There could even be good business to do !
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