Rabobank of Netherlands May Have Blocked Bitcoin For 'Ethical' Purposes
Some leaked documents have come forward and have been published on a website called Tweakers from Rabobank - a Dutch bank. Therein, information suggesting the bank blocked customer transactions to Bitcoin exchanges for ethical" purposes. It's a far story from what customers were told when their transactions just simply weren't going through. Reportedly, some were told the reason for the incomplete transactions were technical issues
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Rabobank, the Netherlands' third-largest retail bank by market share, blocked its customers' transfers to bitcoin exchanges for 'ethical reasons', according to several first-hand customer reports and bank documents leaked to Dutch news sites. When questioned about the blocks, Rabobank apparently told some customers there were "technical problems" with the transfer, but told others the bank's own internal Ethics Commission had ruled to disallow bitcoin trading. Dutch whistleblowing site Publeaks also published an internal Rabobank document first obtained by another website, Tweakers, that....
Many banks hate Bitcoin and are feeling threatened by the new digital cryptocurrency. Coindesk recently wrote an article about Dutch Bank Rabobank. The context was the same as many articles before that have and have not made it to more major media outlets: Bitcoin businesses guillotined by banks around the world. Rabobank has blocked transfers of fiat to Bitcoin exchanges in the past for individuals, not just businesses. Rabobank even had days when all attempted online transfers to domestic Bitcoin Exchanges were met with a technical error. Two websites in the locality have since spread....
Editor's note: Marc van der Chijs is a former Dutch serial entrepreneur in Shanghai turned venture capitalist in Vancouver. He lived and worked for over 13 years in China, where he co-founded popular online video sharing site Tudou.com. He is a big believer in bitcoin. It seems banks have started to realize that bitcoin could be a major threat for them. In the US many banks don't accept any bitcoin businesses as clients, possibly because of regulatory concerns and money laundering risks. Individuals aren't free from bitcoin banking issues either. CoinDesk reported recently that a Swedish....
Multi-billion dollar financial services corporation D+H states that its development team successfully tested its proof-of-concept Blockchain with Dutch financial company Rabobank. Netherlands-based Rabobank, which has an annual revenue of nearly US$15 billion dollars, collaborated with D+H in running the company’s first preliminary tests with Coin Sciences’ proof-of-concept multi chain Blockchain solution. Rabobank and D+H claim to have acquired the evidence needed to prove that their Blockchain solution is able to process cross-border payments in real-time. The two giants in global....
Are you a hacker? If you are, how are you making use of your skills so far? Do you want to legally continue what you love doing and get paid for it too? If the answer is yes to the first and third question and if you aren't already into it, then you should seriously consider ethical hacking. No, I don't want the answer for second question as I don't want to know about it. In case you are involved in anything considered "illegal", I would suggest you to stop doing it and go legit. Ethical hacking or white hat hacking can be defined as hacking into computer systems and networks by....