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Bitcoinist 2019-11-20 09:29:02

Major South African Bank Closes Crypto Exchange Bank Accounts

FNB, one of the ‘big five’ South African bank is closing down accounts operated by crypto exchanges in the country. The bank, however, says the emergence of clear-cut cryptocurrency regulations in South Africa may trigger a reversal of the policy. FNB Calls for Clearer Regulations in South Africa In a letter quoted by South African tech news platform MyBroadband, FNB communicated its decision to cease offering services to cryptocurrency exchanges. Part of the letter reads:Read MoreThe post Major South African Bank Closes Crypto Exchange Bank Accounts appeared first on Bitcoinist.com.

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