Consumer Protection Association Slams Bank for Blocking Transfers to Bitcoin Exchanges

From Israel to Australia, business banks in numerous components of the world have tried stopping individuals from coming into the cryptocurrency market by blocking cash transfers to bitcoin exchanges. Now the biggest client affiliation in Portugal has known as out a neighborhood financial institution for making an attempt to do the identical.

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Banco Santander Totta

DECO, the Portuguese Association for Consumer Protection, has got here out in opposition to the actions of Banco Santander Totta S.A., the fourth largest financial institution in Portugal. This occurred following experiences by Portuguese purchasers of the financial institution that it’s blocking interbank transfers to accounts associated to bitcoin exchanges. The affiliation has confirmed that the financial institution is performing on this method as a coverage, regardless of not having any identified authorized foundation to…

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