Banks close accounts for crypto currency

banks close accounts for crypto currency

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This guy CLOSED his bank account and lives ENTIRELY on crypto!
10 Years of Decentralizing the Future. New York-based Signature Bank, which has a number of crypto clients, was shut down Sunday by state. Below is a list of banks that do not allow deposits to or withdrawals from Kraken and other cryptocurrency exchanges. Banks have policies and regulations that they must adhere to, and some banks have policies that prohibit transactions involving cryptocurrencies.
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Half-a-billion dollars of bitcoins disappearance

But because of the hold on the Signature funds, Coinbase will use other banking partners for client transactions. The Verge homepage. New York-based Signature Bank, which has a number of crypto clients, was shut down Sunday by state regulators, the Federal Reserve announced. In recent years, there has been a dramatic increase in the number of clients getting rugged by their banks.