<p>At this point in time only one person, Nefario, knows for sure why GLBSE closed.  He was the one who had the power to close it, and he did so, without giving any public explanation.</p>

<p>Everything else is either hearsay or speculation.</p>

CC BY-SA 3.0
2012-10-07T00:26:08.900Z
2012-10-07T00:26:08.900Z
Aahz
<p>Nefario's official reason for closing GLBSE was 1) AML  2) Tax 3) Regulation and he made it clear other shareholder's had no say in the site closing down. </p>

CC BY-SA 3.0
2013-08-08T10:22:33.027Z
There is a very long IRC conversation with him chatting to his shareholders about this. I dont have a link but it is out there.
MaxSan
CC BY-SA 3.0
2012-10-10T17:21:14.173Z
Citation needed. Where did Nefario state that?
ThePiachu
CC BY-SA 3.0
2012-10-10T13:29:31.787Z
2012-10-10T13:29:31.787Z
user2033
<p>It appears that Nefario, the person operating GLBSE, decided to go against all bylaws and terms of service and just close GLBSE. That part of the story was explained by <a href="https://bitcointalk.org/index.php?topic=115669.0" rel="nofollow">theymos</a>. It it still unclear, however, why he did it.</p>

CC BY-SA 3.0
2012-10-07T07:06:48.070Z
Not sure the protection is warranted ... it seems rushed to me.
ripper234
CC BY-SA 3.0
2012-10-07T11:39:00.943Z
@ripper234 I think that the GLBSE closing down could be an event that would encourage a lot of people to rant and speculate. For not we have 3 answers with reputation 1 - one is just a random comment, one is making claims without giving sources, and one is balanced, but a bit uninformative. I'd rather avoid the mess of the first two types of answers. I guess I'll start a conversation about this topic on meta.
ThePiachu
CC BY-SA 3.0
2012-10-07T11:43:39.720Z
@ripper234 http://meta.bitcoin.stackexchange.com/q/308/323
ThePiachu
CC BY-SA 3.0
2012-10-06T07:52:00.753Z
2012-10-06T07:52:00.753Z
ThePiachu
<p>I went to <a href="https://glbse.com/">https://glbse.com/</a> and see it is closed. It was a stock exchange for shares of companies denominated in Bitcoins.</p>

<p>Does anyone know why it closed?</p>

CC BY-SA 3.0
2012-10-09T15:50:23.760Z
[Related bitcointalk thread](https://bitcointalk.org/index.php?topic=117201.0)
Flow
CC BY-SA 3.0
2012-10-16T09:33:12.120Z
See http://bitcoinmagazine.net/interview-with-glbses-nefario/.
Meni Rosenfeld
<services><finance><glbse>
Why did GLBSE close?
B Seven
# Why did GLBSE close?

(Asked by: username_0 on 2012-10-06)

I went to <https://glbse.com/> and see it is closed. It was a stock exchange for shares of companies denominated in Bitcoins.

Does anyone know why it closed?

**Tags:** services, finance, glbse

> **Comments:**
> **username_1**: [Related bitcointalk thread](https://bitcointalk.org/index.php?topic=117201.0)  
> **username_2**: See http://bitcoinmagazine.net/interview-with-glbses-nefario/.  

---

## 3 answers

### Answer by username_6 on 2012-10-06. Score: 4 | Accepted answer

It appears that Nefario, the person operating GLBSE, decided to go against all bylaws and terms of service and just close GLBSE. That part of the story was explained by [theymos](https://bitcointalk.org/index.php?topic=115669.0). It it still unclear, however, why he did it.

> **Comments:**
> **username_7**: Not sure the protection is warranted ... it seems rushed to me.  
> **username_6**: @username_7 I think that the GLBSE closing down could be an event that would encourage a lot of people to rant and speculate. For not we have 3 answers with reputation 1 - one is just a random comment, one is making claims without giving sources, and one is balanced, but a bit uninformative. I'd rather avoid the mess of the first two types of answers. I guess I'll start a conversation about this topic on meta.  
> **username_6**: @username_7 http://meta.bitcoin.stackexchange.com/q/308/323  

---

### Answer by username_3 on 2012-10-07. Score: 5

At this point in time only one person, Nefario, knows for sure why GLBSE closed. He was the one who had the power to close it, and he did so, without giving any public explanation.

Everything else is either hearsay or speculation.


---

### Answer by username_4 on 2012-10-10. Score: 1

Nefario's official reason for closing GLBSE was 1) AML 2) Tax 3) Regulation and he made it clear other shareholder's had no say in the site closing down.

> **Comments:**
> **username_6**: Citation needed. Where did Nefario state that?  
> **username_5**: There is a very long IRC conversation with him chatting to his shareholders about this. I dont have a link but it is out there.  

---

