June 15, 2021

Bank of America blocks cryptocurrency entrepreneur accounts

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Tron CEO Justin Sun and former PayPal CEO Rolof Botha have received notifications from Bank of America about the closure of their accounts.

Botha recently tweeted that one of America’s largest banks closed his account without providing any explanation for the reason for this move.

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At the moment, a huge number of banksforbid their customers to buy cryptocurrencies. Recall that last year, the Reserve Bank of India (RBI) ceased to cooperate with any enterprises engaged in cryptocurrency business in the country, and also prohibited other banks from providing services to such companies.

Despite his negative attitude towardscryptocurrencies, America’s second largest bank continues to collaborate with Ripple on a joint pilot blockchain project. In addition, this year the bank filed a patent for the development of a payment system based on Ripple technology.

According to the materials u.today