Tag: Bank Account

China Freezes Thousands of Bank Accounts Tied to OTC Crypto Trading

June 11, 2020 Crypto
TheMerkle FBI Money Laundering Digital Currencies
China will always remain a controversial country when it comes to handling cryptocurrencies. This is primarily due to all of the illicit activities taking place within its borders.  In a new crackdown against illegal crypto money streams, the Chinese government has taken a different approach. China Targets Crypto Bank Accounts Rather than collecting data for a future investigation, thousands of bank accounts have been frozen in recent weeks. All accounts …
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Chilean Bitcoin Exchanges Have Their Bank Accounts Closed for No Reason

April 17, 2018 Crypto, News
TheMerkle Chile Crypto Exchange Ban
The cryptocurrency world is always changing and evolving. Not all of these developments will make a positive impact, though. In Chile, banks are closing the accounts of cryptocurrency exchanges and traders alike. This is not a unique development, but it goes to show South America’s wealthiest nation has no love lost for Bitcoin. Chilean Banks Make Their Move In this day and age, it is anything but surprising to learn that …
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Major Thai Cryptocurrency Exchange Has Its Bank Account Terminated

February 27, 2018 Crypto, News
THeMerkle TDAX Bank Account Terminated
Banks all over the world will continue to oppose cryptocurrency service providers in every way possible. Although Thailand has not banned cryptocurrency, one of the country’s major banks has decided to close the bank account of a crypto exchange. Bangkok Bank is not making itself popular with this decision, especially because it issued no prior warning. Bangkok Bank Terminates TDAX Bank Account Even though most people outside of Thailand will have never heard of …
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Germany Solves Unbanked Problem By Giving Bank Accounts To Everyone

June 19, 2016 Finance, News
TheMerkle_Bank Account For Everyone
Bitcoin is often seen as a perfect solution to solve the unbanked problems in the world. But over in Germany, the government is taking matters into their own hands. As of June 19, every citizen in Germany should have access to a bank account and at a reasonable price. All of the banks in the country have to offer this service to unbanked citizens from now on. Removing The Unbanked …
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