Dutch Bank Rabobank is Blocking Customers from Buying Bitcoins


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DATE: Nov. 23, 2013, 1:54 p.m.

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  1. http://www.coindesk.com/dutch-bank-rabobank-blocks-bitcoin/
  2. It seems banks have started to realize that bitcoin could be a major threat for them.
  3. In the US many banks don’t accept any bitcoin businesses as clients, possibly because of regulatory concerns and money laundering risks.
  4. Individuals aren’t free from bitcoin banking issues either. CoinDesk reported recently that a Swedish bank froze a customer’s account for selling just 5 BTC.
  5. Now it is the Netherlands’ turn. A bank has taken matters a step further and simply blocked most of its customers from buying bitcoins at exchanges.

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