Banks Still Closing Accounts Over Bitcoin Activity

Banks Still Closing Accounts Over Bitcoin Activity

Finding a bank that creates it easy to buy and sell bitcoin continues to be a challenge. The problem doesn’t come as a warn to CCN readers, given that some vital banks have questioned a need for bitcoin. (Some of these same institutions have touted a advantages of blockchain technology, that strikes many observers as paradoxical.)

Bitcoin users have reported problems with shopping and offered bitcoin regulating their bank accounts for some time, and formed on a new Merkle blog, a problem continues, particularly in a United Kingdom. The blog doesn’t name any banks that are formulating a problems.

Banks Act Without  Warning

Banks can tighten accounts with small notice, a blog noted, and relocating a supports out of a sealed comment can be challenging.
The banks are reportedly holding these actions when a patron buys or sells bitcoin regulating their bank account. A transaction with a summary margin that includes a word “bitcoin” can alert a bank to take action.

Banks can also turn dumbfounded when a patron adds a withdraw label related to



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