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Title: [2016-10-27] Barclays Shuts Down Bitcoin Publication’s Bank Account Post by: Karartma1 on October 28, 2016, 06:50:42 AM CoinJournal, a fellow bitcoin publication, saw its banking services come to an abrupt end after its banking provider Barclays terminated its business account.
CCN spoke to a representative of Manchester-based CoinJournal who was understandably none-too-pleased about the disruption. Elaborating on the need for a fiat-based banking solution, the representative stated: The account is used predominantly for taking payments via advertisers in dollars and exchanging these for Bitcoin and paying our staff and overheads using Bitcoin. Read more https://www.cryptocoinsnews.com/barclays-shuts-down-bitcoin-publications-bank-account-without-explanation/ Title: Re: [2016-10-27] Barclays Shuts Down Bitcoin Publication’s Bank Account Post by: panju1 on October 28, 2016, 04:07:52 PM Doesn't Barclays provide the backbone for Circle?
Fiat system gives banks way too much power. Title: Re: [2016-10-27] Barclays Shuts Down Bitcoin Publication’s Bank Account Post by: cpfreeplz on October 28, 2016, 04:16:41 PM Fiat system gives banks way too much power. Holy crap ya. That is absolutely ridiculous and I'm sure it's based on AML/KYC regulations (because that's what these always seem to be about). It's so annoying that these areas are so highly regulated when bitcoins can't be. So when you mix the two it's such a mess! Title: Re: [2016-10-27] Barclays Shuts Down Bitcoin Publication’s Bank Account Post by: Karartma1 on October 28, 2016, 05:57:42 PM Doesn't Barclays provide the backbone for Circle? Yep, I think you are right. https://www.theguardian.com/uk-news/2016/apr/06/barclays-supports-uk-launch-of-circle-money-transfer-app And considering that Barclays is exploring Bitcoin, Blockchain itself this news sound a bit odd. We'll follow how this turns out Title: Re: [2016-10-27] Barclays Shuts Down Bitcoin Publication’s Bank Account Post by: Carlton Banks on October 28, 2016, 09:59:20 PM Doesn't Barclays provide the backbone for Circle? Yep, and Circle (and it's various executive staff) are amongst the most dubious companies in the Bitcoin space. They closed ranks with other thinly veiled banking mouthpieces like Xapo and Coinbase to attack Bitcoin by "helping" it; all backed both the hard fork coup attempts so far, announced by the "good-cop" of the corporate presstitutes, The Guardian. Back to back scum, essentially. |