Bitcoin Forum

Banks continue to freeze the accounts due to their binding to bitcoin

It would seem that already in 2016 – a year of steady ascent of bitcoin, its recognition around the world, in some countries, and at the state level, the problems with its adoption should arise. However, as practice shows, banks freeze accounts of owners without adequate explanation is not the first time.
A couple of years ago, banks have frozen the accounts of the cryptocurrency community in Poland. In the fall of 2015 accounts, more than ten of the Australian stock exchanges were closed by the banks without adequate explanation, and in October 2016 in Britain, Barclays Bank without explanation and preliminary comments froze the accounts of the online magazine Coinjournal, which is dedicated to the cryptocurrency. On the same Bank, complaints were received in the transaction associated with cryptocurrency. In the spring of 2016, the Bank entered into a contract with Circle. The application was started, to perform a transaction, converting sterling into the cryptocurrency.

Read More: http://www.prurgent.com/2016-11-10/pressrelease418390.htm

I experienced also some Bitcoin unfriendliness earlier this year. I have luckily not had my bank account being frozen, but I was kindly asked to stop using my bank account to purchase and sell Bitcoins. I was told that when they perform another check in the coming months, and I have continued with what I was doing, then they would immediately shut down my bank account, and I am no longer a customer of their bank.

I did actually what they said since I had a serious amount of money in that bank account. I opened another bank account elsewhere and transferred my money to that bank. So far everything is fine with the new bank I am using for my Bitcoin related business. I hope it will stay like this, but there are of course no guarantees.

Can you tell us the name of yohr bank?
Ddo you think the bitcoin businesses like remittances will give away our data to banks as well? I have tried to cash out btc going to my bank few times already.

ING bank.


If the service in question is operating on a legal level, then all your information will be stored basically for ever. Will they will play your information to whatever entity? I don't know. But I am sure about one thing, if the government forces them to release all information about customers, then they will definitely do so.


Okay, I guess... Was it a negative experience or what?

It's hard to believe that in this age of freedom, banks would infringe on people's right without a court directive.

In my country banks don't do that.