Hong Kong Banks Continue to Shut Down Bitcoin-Related Accounts


TheMerkle Hong Kong Bank Accounts BitcoinBitcoin businesses are often concerned about having their bank accounts frozen. Such fears have been warranted for quite some time now. In most cases, account closures are few and far between. In the case of various Hong Kong-based businesses, however, things have taken a turn for the worse. In fact, many companies have been forced to look for bank partners overseas. Another Crackdown on Bitcoin Companies There is no real reason for any bank in the world to close accounts belonging to Bitcoin users or service providers. While it is true there may be some people using such platforms for illicit purposes, the vast majority of companies


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