Dutch Bank Rabobank is Blocking Customers from Buying Bitcoins

“In the US many banks don’t accept any bit coin businesses (archived link) as clients, possibly because of regulatory concerns and money laundering risks.  Individuals aren’t free from bitcoin banking issues either. CoinDesk reported recently that a Swedish bank froze a customer’s account for selling just 5 BTC.  Now it is the Netherlands’ turn. According to an article in the Dutch press, Rabobank cancelled 99% of its customers’ transactions with bitcoin exchanges on Tuesday and Wednesday. Rabobank did not give a reason for this, but a spokesperson for Dutch bitcoin exchange BTCNext said it was because transactions are seen as potential fraud.”

http://www.coindesk.com/dutch-bank-rabobank-blocks-bitcoin/

The Freedom Watch Staff

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