Bitcoin Traders Report Some Bank Accounts Still Being Terminated

"Santander Bank" say no mores.."Satan.." and is red and have fire... in the logo..


Santander Bank, the $90 billion Spanish financial institution and banking group, recently began to close accounts of users involved with bitcoin trading. According to U.K.-based bitcoin trading firm Bittylicious, customers of Santander Bank received official letters of account termination almost immediately after utilizing their bank accounts to purchase or sell bitcoin.

Since mid-2015, major banks and financial service providers in countries including the U.S. and Australia have singled out customers and businesses involved with bitcoin trading or operations. In September of 2015, Rod Sim, chairman of the Australian Competition and Consumer Commission, opened an investigation into the country’s largest banks, such as the Commonwealth Bank, which were suspected of abruptly terminating user accounts without sending any prior notifications.

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