Hong Kong Banks Turn Backs on Bitcoin
Posted: Sat Nov 18, 2017 1:48 pm
Gatecoin, a Hong Kong cryptocurrency exchange, was informed by its bank that is account was suspended, according to a local media report.
A Hang Seng Bank representative made the call on the 15th of September, without notice or a detailed explanation. Gatecoin’s backup account at Fubon Bank was also effectively shut down via a daily transaction limit which was “significantly below their needs”, the South China Morning Post reported today.
The move caused obvious consternation for Gatecoin and its customers. Thomas Glucksmann, Head of Marketing at Gatecoin, said: “It was a major disruption to our business. We had just tripled our customer base ... (read more)