Peter Schiff to Liquidate Euro Pacific Bank in Settlement With Puerto Rican R...

Peter Schiff-owned Euro Pacific Bank has been suspended by Puerto Rico’s financial regulator. Schiff claims that there’s “no evidence of crimes,” warning that “accounts are frozen and customers may lose money.” Puerto Rico’s Regulator Suspends Peter Schiff’s Bank Euro Pacific Bank, owned by notorious bitcoin skeptic and gold bug Peter Schiff, has been suspended by the Office of the Commissioner of Financial Institutions of Puerto Rico, also known as Oficina del Comisionado de Instituciones Financieras (OCIF). Insisting that there is....

Peter Schiff says he will sell his bank, Euro Pacific, for bitcoin if the Puerto Rican regulators let him sell it. “My bank was not put into receivership for being insolvent. It was put there for being under-capitalized,” the bitcoin skeptic said. Peter Schiff Says He’s Willing to Sell His Bank for Bitcoin Bitcoin skeptic and gold bug Peter Schiff is still trying to sell his bank, Euro Pacific. However, the Commissioner of Financial Institutions of Puerto Rico, also known as Oficina del Comisionado de Instituciones Financieras (OCIF), has suspended the....

Euro Pacific Bank, founded by gold bug and bitcoin skeptic Peter Schiff, is reportedly under investigation by the tax authorities of five countries. The bank’s customers allegedly include several tax fraud masterminds and a Russian syndicate described by the FBI as the world’s worst cybercrime group. Peter Schiff’s Euro Pacific Bank Probed by Tax Authorities Euro Pacific Bank, a Puerto Rico-licensed bank founded by gold bug and bitcoin skeptic Peter Schiff, is reportedly under investigation by the tax authorities of Australia, the Netherlands, the U.S., Canada, and the....

Peter Schiff finally decides to embrace Bitcoin. BitPay, a Bitcoin payment processor with more than 30,000 merchants on its roster, has announced a partnership with Peter Schiff's Euro Pacific Precious Metals. Although Schiff has been quite critical of Bitcoin in the past, it seems that he now understands the importance of embracing the revolutionary payment system and digital currency. Many other gold and silver dealers already accept Bitcoin in the United States and other parts of the world, but Euro Pacific Capital is the largest such company to accept the digital currency up to this....

Does an extortion attempt from Russian hackers explain Schiff's hatred for Bitcoin? This morning, millionaire broker and noted Bitcoin skeptic Peter Schiff awoke to find his bank under renewed scrutiny due to an international criminal investigation. According to reporting from Australian newspaper The Age and The New York Times, the J5 -- a joint task force of tax authorities from major Western governments convened in the wake of the bombshell publication of the Panama Papers -- have placed “hundreds” of accounts at Schiff’s Puerto Rico-based Euro Pacific Bank under investigation for tax....