Not all banks appear to be complying with the Supreme Court’s ruling in favor of providing services to crypto-related firms.
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More than 40 financial institutions in Germany have reportedly declared to the country’s financial regulator, BaFin, their interest to offer cryptocurrency services under the new German law. News.Bitcoin.com reached out to the regulator for some more information. The law, which went into effect early this year, enables banks to offer crypto services after obtaining a license from BaFin.
Major South African cryptocurrency exchanges – including Luno, VALR, and ICE3X – have been notified by FNB that their bank accounts will be closed.
Hungry for proofs that Bitcoin (BTC) is better than traditional, centralized banking, the Cryptoverse just found more examples in the U.S. and Lebanon. First, the U.S.-headquartered banking giant Bank of America (BoA) froze the accounts of ex PayPal Chief Financial Officer (CFO), prompting the Cryptosphere to share similar stories, but also a solution to the issue – Bitcoin.