Largest Swedish Gold Dealer Has Bank Accounts Closed: Time for Bitcoin?
Last month, Sweden’s largest precious metal dealer posted a notice that their bank account had been closed without their consent. Tavex Guld & Valuta posted a notice on June 30th that their bank account had been unilaterally closed. This left the dealer without an efficient way of accepting payments for good, racing to establish a new payment system. Shut down because of banks pushing for a cashless society. A notice screenshotted from the Tavex website read as follows: “Best customer, We hereby announce that as of 15:30, Thursday, June 30, 2016, we can no longer accept bank transfers....
Related News
Bank accounts for RT News in the UK have been arbitrarily closed. The Russian-owned news organization reported its banking troubles on Monday. NatWest, the bank (formerly) used by RT, informed them that their accounts would be closed, and that “The decision is not subject to review.” RT frequently posts news from a critical perspective of the United States and the Western powers. RT announced the grim news via Twitter: Controversial companies can face difficulties with banking. RT’s recent troubles in the UK are not that rare for organizations involved in potentially controversial....
The Swedish prosecutor had argued in court that the man should be stripped of his illicitly earned Bitcoin at the equivalent value in fiat currency at the time of his conviction. The Swedish government has found itself in the unforeseen situation of paying out around $1.5 million worth of Bitcoin (BTC) to a convicted — and then jailed — drug dealer.Two years ago, the man was convicted in a Swedish court for having illegally earned 36 Bitcoin through online drug sales. Yet, Tove Kullberg, his prosecutor at the time, had used the Bitcoin’s equivalent value in fiat to make her case. The....
The government of Sweden has found itself in the unusual situation of paying out around $1.5 million worth of Bitcoin to a drug dealer, whom they convicted and then jailed. Authorities are being forced to pay the man 33 BTC, after his illegally obtained bitcoin appreciated while behind bars. A Swedish Prosecutor’s Mistake Two years ago, a Swedish court convicted the man for selling drugs online and illegally earning 36 BTC from those sales. However, his prosecutor at the time, Tove Kullberg, used the fiat value of the coin to make her initial case. And as a result, the court judged....
The United Kingdom-based gold dealer, Ash Kundra, has claimed that he recently ran out of gold coins and bars after the demand for the precious metal skyrocketed. The pound’s plunge to a record low versus the dollar, as well as the turmoil in financial markets, is said to be the cause of the sudden increase in demand for the precious metal.
Demand for Gold ‘Increased Exponentially’
A United Kingdom-based gold dealer, Ash Kundra, has revealed that he repeatedly ran out of gold coins and bars in the days that followed the United Kingdom treasury chief Kwasi....
Holger Zschaepitz, best selling financial author of “A book on states’ addictiveness to debt” and senior editor at Welt, recently discovered an intriguing relationship between gold and bitcoin: when gold plummets in value, the price of bitcoin surges. Based on this trend, he noted that bitcoin is beginning to be recognized as the new global safe haven....