BNP Paribas Bank blocks transfers to Coinbase exchange

French financial conglomerate BNP Paribas blocks customer transactions on cryptocurrency exchangeCoinbase.About thissaid the client of the bank.

Apparently, blocking transfers to the exchangestarted this week. According to an anonymous source - a client of BNP Paribas, last week transactions on the Coinbase exchange were supported by a financial institution. As an anonymous client of the bank notes, information about the blocking was confirmed by the BNP Paribas customer service department.

At the same time, transactions on other exchanges so faravailable, for example, in the European branch of Binance and Binance Jersey. The Cointelegraph shared records confirming that the banking giant is blocking transactions on the Coinbase cryptocurrency platform.

"This is considered an illegal operation," a BNP Paribas spokesperson said during a phone call with a client.

The client did not receive a warning about the decision of the banksuspend transfers to Coinbase. Bank employees cite the possibility of fraud and the support of Monero's confidential cryptocurrency as a reason for blocking transactions on Coinbase.

Other banks have previously attemptedrestrict transactions on cryptocurrency exchanges. Two years ago, the Bank of Montreal, one of the largest banks in Canada, began to block cryptocurrency transactions of its customers with debit and credit cards, as well as committed through online banking.

Also last summer at RedditThere were reports that transfers from Santander bank accounts do not go to the Coinbase cryptocurrency exchange. It turned out that the bank did not block the site, but checked the payments.

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