Polish Exchanges Lose Payment Processors in Bitcoin Crackdown
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....
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Banks in Poland are making life difficult for cryptocurrency users by requiring online payment providers to stop doing business with cryptocurrency exchanges. The banks claim they are doing this to prevent fraudulent bitcoin transactions. The Polish bitcoin forum bitcoinet.pl announced that as of Monday, express bitcoin payments are no longer available on cryptocurrency exchanges Cryptocoin.com, Bitbay.pl. and Bitmarket24.pl. "All this is due to the ultimatum that the four largest Polish banks bring to operators and BlueMedia CashBill payments," the forum noted. BlueMedia and CashBill are....
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