Cryptocurrency writer blocked from buying BTC, but bank gave no specific reason
Cryptocurrency writer Scott Dedels stated on X that a bank blocked two Bitcoin transactions without providing any "specific" reason. Dedels now hopes people can withdraw their funds and argues that financial institutions should not control how customers decide to use their money. It is currently unclear which bank blocked Dedels' Bitcoin purchases. However, the author claims it was one of the "Big Five" Canadian banks. An insider revealed that more and more Canadian banks are keen to bolster their balance sheets. In this effort, banks are becoming increasingly sensitive and hoping to retain more funds to improve their lending capacity. This "sensitivity" explains why more and more banks are prohibiting the transfer of funds to cryptocurrency.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Post meme-ism: Solana’s quiet pivot to utility
Solana may be in “recomposition” mode, as new protocols put usefulness ahead of mere virality
US equities, cryptocurrencies fall on Trump’s sweeping global tariffs
President Donald Trump announced a 10% levy on almost all goods and additional tariffs on so-called “worst offending” countries
Fidelity Introduces Crypto IRA With Bitcoin, Ethereum, Litecoin
Fidelity’s crypto IRA has no fees and gives investors the option to set it up as a Roth IRA, traditional IRA, or rollover IRA.
Circle files for IPO
Trending news
MoreCrypto prices
More
