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HSBC Bank in the UK has blocked bitcoin transactions


The British bank HSBS, one of the largest banks in the UK, has announced that it will not allow bitcoin-related transactions.

To Report HSBS, one of the largest banks in the UK, will not be able to reap the benefits of the recent jump in bitcoin prices, according to the Times. Other major banks do not accept credit cards with which Bitcoin is purchased.

Ran Neuner, host of Crypto Trader, a program broadcast on the CBC network, said in a statement that banks were eliminating themselves from the competition by banning digital currencies.

In recent years, many prominent British banks have sought to impose restrictions and bans on digital currencies. HSBC and Barclays are reportedly among the banks that have blocked commercial accounts with digital currency exchanges. Concerns about crimes such as money laundering and terrorist financing are among the reasons that banks justify blocking these accounts.

Interestingly, according to data from the US Financial Crimes Network (FinCEN), which was leaked in September 2020, Jeep Morgan, HSBC and several other large banks facilitated money laundering of about $ 2 trillion.

Danny Scott, CEO of CoinCorner, says banks that have previously taken a negative approach to bitcoin are changing that. “It simply came to our notice then.

For some time now, banks have stopped imposing restrictions and obstructions [سود] The bitcoins have been removed. I think banks are coming to terms with bitcoin. As long as the source of capital is clean, there is no problem.

The price of Bitcoin fell sharply from $ 40,000 to around $ 33,000 a few hours ago.

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