A Commonwealth Bank spokesman said it was receptive to innovation in alternative currencies and payment systems however, we do not currently use or recommend any existing virtual currencies as we do not believe they have yet met a minimum standard of regulation, reliability, and reputation. The game taught me the game. After an hour and a half he finally gets off the phone and tells me that Bank of America made a "business decision" to close my account. As soon as he said this we both knew he basically screwed up and was not supposed to leak that information. I have now moved all my business banking to Farmers Merchants bank and am very happy (so far). One Twitter user, Michaela Juric, who is known on twitter as Bitcoin Babe, said she had business accounts closed by 30 banks and posted a picture of a letter from ANZ, saying it was closing her accounts effective in accordance with its terms and conditions. CoinSpot founder Russell Wilson said he was not aware of any new widespread issue, but was monitoring the situation. CoinBase, CoinJar and BTC Markets did not respond to request for comment. Here is that document in full: Not only did they freeze my account 5 days sooner then they said they would, they made it seem like they had.
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The Last Straw I came back first thing in the morning the next day (my 5th trip there in 2 weeks) and headed straight to the manger. Should your bank refuse to make a payment of your money, then you are rendered powerless to access your own money. He had no answers for. I tried very hard to comply with their request, short bitcoin transaction fee too low of giving them 8 pages of unnecessary information (most of which I couldn't even give because 95 of it didn't apply to my business only to be told multiple times that "Bank of America made. A NAB spokeswoman said it was important to note the currencies are currently unregulated.
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