Post
Topic
Board Bitcoin Discussion
Re: itBit exchange applies for banking licence
by
pawel7777
on 25/04/2015, 21:35:56 UTC

That's interesting. I never realized that banks would actually just close up to a organization because they were dealing with bitcoin. Are they often because of bitcoins shady uses? Or is it some government regulation? Or were they simply not following proper tax/banking practices?

The annoying part is that the bank can close your account without giving you actual reasons, at least in case of private accounts. Usually they'd freeze the funds first due to 'suspicious activity' and then, even know there wasn't anything wrong, they'd decide to close it.