...
But haven't they operated on an EU licence all along (a German one if I remember correctly). They are located in eastern Europe or England, aren't they?? I guess there are sill enough bitcoin-friendly or at least bitcoin-tolerating banks in the EU they can choose!
As far as I know they are registered in the UK and are operating out of Slovenia (which is less eastern and more southern from my point of view;).
My personal guess is btw that unicredit, well...just was unicredit, they lost already a bunch of customers (including myself and some friends company accounts) due to a wonderful combination of arrogance and incompetence and high fees.