Bank Suspends Polish Bitcoin Exchange's Accounts
Polish bitcoin exchange BitMarket.pl has had its bank accounts suspended by Bank BPH. BPH initially said the suspension was the result of a technical glitch, but later claimed it was due to outstanding debt and lack of credentials, according to BitMarket.pl. The exchange said it discovered its BPH accounts were suspended on 26th January. BitMarket.pl founder Michal Pleban told CoinDesk that the real reason for the bank's decision was prompted by a query filed by the local district attorney's office. The filing revolved around one particular transaction on the exchange, which was allegedly....
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A few bitcoin users from Poland have reported to CCN that they are dealing with bank crackdowns due to bitcoin activity. One Polish bitcoin exchange, BitMarket, became a victim of a shutdown earlier this week by BPH. When contacting BPH, they were told there were technical problems that needed to be sorted out. Upon further investigation, BitMarket found out they were shut down due to cryptocurrency activity was associated with their account. Also Read: Polish Hospital First to Let Patients Pay for Surgery Using Bitcoin. The original text was written in Polish, but CCN was able to....
For the past few years, there has been a war occurring between bitcoin and traditional banking institutions. For the most part, bitcoin has always managed to stay alive and hold its ground despite some major opposition, but often the banks come in with their executives and power and win battles without much effort. The war has now escalated, and another win must be chalked up for the banks. Polish bitcoin exchange BitMarket.pl had its bank accounts suspended just a few days ago on January 26th by Bank BPH due to what the bank says are rising debts and a lack of credentials. However,....
BitMarket, a Polish Bitcoin exchange, was recently closed down by BPH due to their association with Bitcoin. At first the bank was told that it was due to technical problems. Another bank, Bank Zachodni WBK (BZ WBK), also began terminating accounts shortly after the BitMarket incident. While these two banks are shutting down accounts held by Bitcoin businesses, does this signify a national crackdown in Poland? I sought to uncover more information on this matter by interviewing Poland's largest Bitcoin exchange, who to date, has not had any problems in their banking relationships. Also....
Bitcoin-24, the largest bitcoin exchange in Europe, has been offline for the last two weeks after its Polish and German bank accounts were closed. Simon Hausdorf, the owner of the exchange, is currently awaiting legal action from the German prosecutor's office, which has said he is suspected of fraud in connection with bitcoin sales via Bitcoin-24. The exchange's customers began complaining earlier in the month, after the site began refusing withdrawals. "Our Service is momentarily not available," the website stated. On April 12, one customer posted a threat of legal action against....
Polish payment processors and at least one bank in the country have closed the accounts of local bitcoin exchanges. BitBay, Cryptoins.com, bitmarket24pl and Bitmarket.pl confirmed that the regional payments processors they work with - CashBill and BlueMedia - had informed them that their accounts were being closed at the request of their own partner banks. Bitmarket.pl told CoinDesk that PKO Bank Polski had also informed them that their bank accounts were being closed. Representatives from CashBill and BlueMedia confirmed that the closures had taken place. A spokesperson for CashBill, who....