HSBC and Barclays Freeze 50cycles Bank Accounts After Bitcoin Trading Transactions

HSBC and Barclays took a drastic step when the owner of a company called 50cycles transacted on a cryptocurrency trading platform using his personal account. In response to the transaction, the companies froze the personal account. The owner, CEO Scott Snaith, reported to iNews that after he had conducted several large bitcoin transactions with LocalBitcoins, … Continue reading HSBC and Barclays Freeze 50cycles Bank Accounts After Bitcoin Trading Transactions