Bank refuse cryptocurrency deposit

bank refuse cryptocurrency deposit

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The real reason BANKS are BLOCKING CRYPTO exchanges.
year-old Esther Freeman invested around $3, in Bitcoin 10 years ago, but Israel's Bank Hapoalim was unwilling to accept her x profits. Signature Bank also experienced a sharp decline in deposits and share price after concerns about its crypto exposure. Banks may also use the. Some banks have prohibited the purchase of cryptocurrencies via Interac Online, bank transfer, debit or credit cards. Others just prohibit credit card purchases.
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The first reason is that purchasing cryptocurrency is still illegal in several countries. Banking regulators' recent speeches, guidance and policy statements have made their stance on cryptocurrency clear: digital assets are a threat to the safety and soundness of the banking industry, and banks should proceed with caution. Cyber Challenges and opportunities for Israeli companies. In November , Freeman filed a lawsuit against Bank Hapoalim, explaining that in she purchased Bitcoin in the amount of NIS 10, on the advice of family members.