Scott Snaith, CEO of Leicestershire-based e-bike specialist 50cycles, is warning customers in the United Kingdom against using high street banks after he says his bank accounts with HSBC and Barclays have been blocked.
Swiss banking group Maerki Baumann has become only the second bank in Switzerland to extend services to the cryptocurrency sector, providing much-needed access to banking services for crypto businesses operating in the country.
Finder.com co-founder and crypto enthusiast Fred Schebesta is interested in opening a cryptocurrency bank in Australia.
Chile’s Court of Appeals sided with Orionx crypto exchange, noting that the bank decision was an “arbitrary and illegal action, which constitutes a deprivation of the right to equality before the law.”
The transaction, which usually takes around a week to complete with paper-based processing, was finalized within a few hours on the blockchain, according to HSBC.
The anti-monopoly court in Chile has ruled that cryptocurrency-related bank accounts should be reopened while the lawsuit filed by exchanges Buda, Orionx and Crypto MKT continued.