Bank Account Freezed - page 4. | Bitcointalksearch.org

abel1337

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Quote from: radiojack1 on July 30, 2020, 10:20:16 AM

After a long time, I found a right place to ask my question.

Last year, my bank account got frozen. Bank said that my account is blocked based on the instruction from Cyber Crime.

I did few P2P Trades on P2P Platform. Is that the reason?

No one has contacted me so far? Does any faced similar issue and got it resolved? If Yes, how?

Update:

I am from INDIA.

You can ask your bank how on what reason has put your bank account into being frozen. If the bank account can't answer your question, You should go to Cyber Crime authorities directly. Just remember your past activities with your bank aside from P2P trades you did, That might be the reason why your account was frozen.

Also, can you tell us the P2P platform you used before your account got frozen? As far as I know, it is legal in your country to use cryptocurrency.

I hope you did your own investigation or contact the authorities about this because it happened last year.

bitbunnny

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Quote from: The Cryptovator on July 30, 2020, 01:37:58 PM

How are you sure that bank or Cybercrime police had freeze your account due to bitcoin trading? Or are you guessing? If trading bitcoin isn't illegal in your country then the account shouldn't freeze. It would be possible the source of the fund who sent to you during peer to peer trading have a problem. Who knows if the buyer-seller is a criminal. Perhaps, there is some suspicious activity on your account noticed by cybercrime. If you are sure about your incoming funds to your account then you don't have to worry, just try to contact your bank by which department your account has been blocked then contact with them properly.

I don't think that the bank account is freezed because of Bitcoin trading. In most countries authorities need a very hard, solid reason to freeze account and in most cases a warant too. So I beleive that there is some suspicion.about illegal activities, money laundering and similar, not necessary of the owner of account. Anyway, people should check all the facts and background before they share information like this.

Kez1817

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Quote from: radiojack1 on July 30, 2020, 10:20:16 AM

After a long time, I found a right place to ask my question.

Last year, my bank account got frozen. Bank said that my account is blocked based on the instruction from Cyber Crime.

I did few P2P Trades on P2P Platform. Is that the reason?

No one has contacted me so far? Does any faced similar issue and got it resolved? If Yes, how?

Update:

I am from INDIA.

That's the reason why i don't like to use banks if my funds came from crypto.
If you think you did not do anything bad or illegal then you can ask help to the legal athority if what will you can do to unblocked your bank account. If you need to pay tax then do it. Next time avoid using bank as long as you can. I think there are also remittance center in your country that can accept a cash out from crypto.

pixie85

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I've never had anything to do with the legal system in India so I'm clueless as to what your rights there are.

You should at least demand to see what you're accused of. In Europe they can freeze your account pending investigation but have to inform you what you're being investigated for.

There's also a period of time given in which they have to contact you with te results of the investigation.

The Cryptovator

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How are you sure that bank or Cybercrime police had freeze your account due to bitcoin trading? Or are you guessing? If trading bitcoin isn't illegal in your country then the account shouldn't freeze. It would be possible the source of the fund who sent to you during peer to peer trading have a problem. Who knows if the buyer-seller is a criminal. Perhaps, there is some suspicious activity on your account noticed by cybercrime. If you are sure about your incoming funds to your account then you don't have to worry, just try to contact your bank by which department your account has been blocked then contact with them properly.

shield132

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I don't understand at all, do they say that you are a person who took part in cyber crime and that's the reason? And the only action is locking of babk's account? Isn't there any investigation? Isn't police interested in it? Cyber crime, even words says that is a crime, violation of laws.
You can describe the situation and try your best to prove that you didn't commit crime and everything was pretty fair, ask for further review of your case and request to get your account unlocked. This is what I can advice to you but guess maybe Indian guys here may have better advices.
Also what about to name the bank? That will be beneficial.

seoincorporation

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You should contact your bank and ask them what's the problem, since bitcoin is legal there you shouldn't have any problem with them, if you can prove your bitcoins comes from legal trading then they should unlock that account.

Source https://news.bitcoin.com/bitcoin-legal-india-supreme-court-verdict-cryptocurrency/#:~:text=The%20Indian%20supreme%20court%20has,industry%20has%20now%20been%20lifted.&text=Both%20the%20government%20and%20the,bitcoin%2C%20are%20legal%20in%20India.

davis196

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If your bank account is blocked,then I assume that some sort of investigation is going on.The investigation might end with charges and prosecution.You should find a layer and get some advice.I don't know if there are any layers that are experts in the fields of both cryptocurrency and cyber crimes in India.
If you were trading big amounts of crypto then your problems might be big.If you were trading small amount,then you shouldn't worry that much.

thesmallgod

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Most financial institutions including banks are not friendly with bitcoin especially in countries that remain undecided whether or not to regulate crypto. receiving funds from the crypto-related business might be the reason why your account got frozen. However, It will be better if you can go to the bank and complain to them in order to understand why your account got frozen and how to unblock it

boyptc

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Quote from: radiojack1 on July 30, 2020, 10:26:25 AM

They said they cant do anything from their side!

They asked me to contact the Cyber Crime Branch. Before I do that i want to know what are the steps to follow...

Quote from: boyptc on July 30, 2020, 10:25:12 AM

Ask your bank if there's a way to unblock it.

If that's the reason there must be a protocol from their officials that if an account is found to have been connected with those reasons mentioned, they'll automatically put you in blacklist.

It's best for you to talk to the bank and ask what you should comply to unblock your account. If you have a huge amount of deposit there, ask them properly.

Does that bank account contains huge sums of money? if you have no choice, you'll probably interrogated by their cyber crime division and for follow up verification and you have to tell the truth.

If you are not involved with any crime and you're just mainly trading, you don't have to worry.

cabron

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How did you make transactions using your bank to p2p platform and which is it? If it was last year then India hasn't have the law against crypto. I think its fairly legal.

I have not tried it but would like to do it too. Banks are very strict to some of these transactions. I was working for someone just two weeks ago and he paid me thru paypal and my bank account was also frozen because of suspicious activity. I have to call them to unblock by sending SMS to unfreeze. Crazy days for banks that they are all paranoid.

elda34b

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What does Cyber Crime branch exactly mean? A cyber police on your country? That sounds vague. Pretty sure your own bank are blocking the transactions and not some random third-party. Maybe ask for contact details for the so-called "Cyber Crime" branch and go from there. We can't help much to be honest.

20kevin20

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This is one of the main negative sides of using bank accounts with crypto.

If you haven't done anything illegal, you should have a chat with the proper authority about it. You may have traded with someone who later proved to be a crypto thief, which may have triggered your account suspension. Might be a good idea to first talk to an expert just to make sure your trades weren't illegal in any way (if the taxes were properly paid, etc).

If you're entirely sure everything you have done is legal, then there shouldn't be a problem if you contact Cyber Crime Branch as far as I am concerned.

radiojack1

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They said they cant do anything from their side!

They asked me to contact the Cyber Crime Branch. Before I do that i want to know what are the steps to follow...

Quote from: boyptc on July 30, 2020, 10:25:12 AM

Ask your bank if there's a way to unblock it.

If that's the reason there must be a protocol from their officials that if an account is found to have been connected with those reasons mentioned, they'll automatically put you in blacklist.

It's best for you to talk to the bank and ask what you should comply to unblock your account. If you have a huge amount of deposit there, ask them properly.

boyptc

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Ask your bank if there's a way to unblock it.

If that's the reason there must be a protocol from their officials that if an account is found to have been connected with those reasons mentioned, they'll automatically put you in blacklist.

It's best for you to talk to the bank and ask what you should comply to unblock your account. If you have a huge amount of deposit there, ask them properly.

radiojack1

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Activity: 2

Merit: 0

After a long time, I found a right place to ask my question.

Last year, my bank account got frozen. Bank said that my account is blocked based on the instruction from Cyber Crime.

I did few P2P Trades on P2P Platform. Is that the reason?

No one has contacted me so far? Does any faced similar issue and got it resolved? If Yes, how?

Update:

I am from INDIA.

Topic: Bank Account Freezed - page 4. (Read 822 times)