Swedish Banks Blowing Hot and Cold on Bitcoin
FYB-SE, a Sweden-based Bitcoin exchange, recently reported that its bank has unilaterally decided to close their business account and withdraw their cooperation. The bank has taken this action despite the exchange having followed all relevant anti-laundering and "know-your-customer" regulations. FYB-SE has been in operation for the past 16 months. The bank is shutting down their account as of Friday 14 November. Fiat deposits and withdrawals will cease as of this date, but Bitcoin deposits and withdrawals will be unaffected. BTCX, another Swedish exchange, has similarly claimed that....
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Swedish bitcoin exchange Safello has secured a $600,000 investment that it hopes will push it into the wider European market. The exchange, which launched its service last August, can now count bitcoin luminaries Erik Voorhees and Roger Ver among its investors. Safello, which also saw Blockchain.info CEO Nicolas Cary invest, is currently revamping its website, and promises a range of new services in the coming months. The startup has worked hard to establish credibility in the fledgling bitcoin exchange market, signing deals with at least two major banks, and also negotiating with the....