I will close my TD account this week citing their unwarranted hostility towards Bitcoin as the reason.
u cant give that reason, I tried, u have to choose from predefined list... so crappy. not really a feedback but predefined conformised feedback.
Topic: List of bitcoin hostile banks. [edit] New thread see first line. (Read 30696 times)
u cant give that reason, I tried, u have to choose from predefined list... so crappy. not really a feedback but predefined conformised feedback.
August 11, 2013, 05:33:19 PM
Agreed, an advisement does not mean it is law. There have been many "advisements" made by the IRS which
did not hold up in court. A positive advisement is good protection if the IRS tries to go after you, but a negative
advisement does not mean they will win when they do. I assume the same is true in Thailand for these types of things.
did not hold up in court. A positive advisement is good protection if the IRS tries to go after you, but a negative
advisement does not mean they will win when they do. I assume the same is true in Thailand for these types of things.
August 11, 2013, 11:18:04 AM
You can add Popmoney to the list they shut down payments to LiteTree Litecoin Exchange.
This thread is no longer in use, please use the new thread at
https://bitcointalk.org/index.php?topic=264679.new#new
And we are awaiting some documentation/proof before I can add this to the list.
August 07, 2013, 09:21:59 PM
You can add Popmoney to the list they shut down payments to LiteTree Litecoin Exchange.
[edit]I am nolonger maintaining this thread, but joesmoe2012 has kindly promised to do so, the new thread can be found at https://bitcointalk.org/index.php?topic=264679.new#new
... there weren't any banks listed on bankblacklist.com. Just comics. It's a shame, because the community needs this. The problem is bad here in Canada, where the government is relatively fine with Bitcoin, and we are locked in a battle in the private sector with Canada's banks. Ever since the financial crisis in the States, these Canadian banks that never defaulted are too powerful, and do as they please. So far, we don't think any of the Bitcoin business or Bitcoin-accepting businesses in Vancouver have had problems, although we're concerned about the status of one restaurant who uses TD. The current operator of Bitcoin Co-op's account is ashamed to say he still uses RBC, but would like to cancel soon and explain to them why he did so in great detail.
Oh, there used to be a tool for submitting info
UNICREDIT works with BITSTAMP, i sent a sepa (dollars) to an account in europe (unicredit too) and all goes well
please add this info:
1. Commerzbank is a german bank, so u are right
2. another bitcoin friendly bank is Fidor Bank (https://www.fidor.de/)
that company works together with bitcoin.de , a germany bitcoin exchange.
http://www.coindesk.com/germanys-bitcoin-de-and-fidor-bank-ag-form-partnership/
they are even promote this on their website, so i guess its one of the bitcoin friendly bank that exists at the moment ;-)
thanks for making the list.
1. Commerzbank is a german bank, so u are right
2. another bitcoin friendly bank is Fidor Bank (https://www.fidor.de/)
that company works together with bitcoin.de , a germany bitcoin exchange.
http://www.coindesk.com/germanys-bitcoin-de-and-fidor-bank-ag-form-partnership/
they are even promote this on their website, so i guess its one of the bitcoin friendly bank that exists at the moment ;-)
thanks for making the list.
... there weren't any banks listed on bankblacklist.com. Just comics. It's a shame, because the community needs this. The problem is bad here in Canada, where the government is relatively fine with Bitcoin, and we are locked in a battle in the private sector with Canada's banks. Ever since the financial crisis in the States, these Canadian banks that never defaulted are too powerful, and do as they please. So far, we don't think any of the Bitcoin business or Bitcoin-accepting businesses in Vancouver have had problems, although we're concerned about the status of one restaurant who uses TD. The current operator of Bitcoin Co-op's account is ashamed to say he still uses RBC, but would like to cancel soon and explain to them why he did so in great detail.
I am nolonger maintaining the op, I reccomend any new and or old submissions to go to:
http://bankblacklist.com/
If someone wants to take over maintaining the thread:
1. Should the mods allow it & transfer the thread under another op.
2. Or just make a new thread and start with the little info that was accumulated here.
I'd be fine with it, actually encourage it.
http://bankblacklist.com/
If someone wants to take over maintaining the thread:
1. Should the mods allow it & transfer the thread under another op.
2. Or just make a new thread and start with the little info that was accumulated here.
I'd be fine with it, actually encourage it.
Adding Comerica
The bank, Comerica, gave “no reason” for the closure
http://www.wired.com/wiredenterprise/2013/07/iafcu
Isokivi
According to James Canadian Banks do not ask for AYL/KYC and assume they don't have it
Direct Source Canadianbitcoins
No update from the post in June on status assume status quo is the same
For the record I remember cash deposit at TD BMO and CIBC heck Western Union was on there at one time but they were asshats
July 31th 2012 Removed Western Union. They are a bunch of asshats and have been 'returning' a lot of transactions for 'security reasons' and wont give any more details.
https://www.canadianbitcoins.com/messages.php
https://bitcointalksearch.org/topic/m.2545770
Lol i just went back and read that thread, so nostalgic. Bitcoin has come a long way since then.
We have disabled cash deposits due to potential issues that we are working out with the banks. I'm assuming its pretty much the same issue as with cavirtex -- banks dont like anonymous cash deposits from third parties into accounts... even if we have KYC docs for all them, the banks dont know that (because they dont ask, they just assume that we dont for some reason)
It is NOT related at all to whats going on with mtgox (that i know of at least)
We are working with TAYPE closely and with the BANKS to find the right solutions that keeps everyone happy. For the most part, it comes down to AML/KYC.
Almost time for another Canada Day aimlessly tackling the crowds around Parliament hill spreading the rambling drunk truth about bitcoins!
Cheers
James
The bank, Comerica, gave “no reason” for the closure
http://www.wired.com/wiredenterprise/2013/07/iafcu
Isokivi
According to James Canadian Banks do not ask for AYL/KYC and assume they don't have it
Direct Source Canadianbitcoins
No update from the post in June on status assume status quo is the same
For the record I remember cash deposit at TD BMO and CIBC heck Western Union was on there at one time but they were asshats
July 31th 2012 Removed Western Union. They are a bunch of asshats and have been 'returning' a lot of transactions for 'security reasons' and wont give any more details.
https://www.canadianbitcoins.com/messages.php
https://bitcointalksearch.org/topic/m.2545770
I'm aware that canadianbitcoins and cavirtex are always on top of regulations that's why I trust these exhanges, so if your not allowed to disclose information at this time that's fine.
My question is regarding Canadianbitcoins
Can you explain the reason canadianbitcoins has temporarily disabled cash deposit and if this is related to mtgox and TAYPE
Also will this be a similar update to the one on cavirtex
Thanks
To be honest was thinking of posting this question in Canadianbitcoins but it would be a 2 year necro
Was not sure on whether to revive it or ask here maybe next time to show how far bitcoin has gone
As a side-comment
"I've been involved with Bitcoins since the CPU mining days, and double digit difficulty (man, when it jumped to 43, that was rough!)"
Love that post
Two year anniversary to a hangover incoming
https://bitcointalksearch.org/topic/m.341290
My question is regarding Canadianbitcoins
Can you explain the reason canadianbitcoins has temporarily disabled cash deposit and if this is related to mtgox and TAYPE
Also will this be a similar update to the one on cavirtex
Thanks
To be honest was thinking of posting this question in Canadianbitcoins but it would be a 2 year necro
Was not sure on whether to revive it or ask here maybe next time to show how far bitcoin has gone
As a side-comment
"I've been involved with Bitcoins since the CPU mining days, and double digit difficulty (man, when it jumped to 43, that was rough!)"
Love that post
Two year anniversary to a hangover incoming
https://bitcointalksearch.org/topic/m.341290
Lol i just went back and read that thread, so nostalgic. Bitcoin has come a long way since then.
We have disabled cash deposits due to potential issues that we are working out with the banks. I'm assuming its pretty much the same issue as with cavirtex -- banks dont like anonymous cash deposits from third parties into accounts... even if we have KYC docs for all them, the banks dont know that (because they dont ask, they just assume that we dont for some reason)
It is NOT related at all to whats going on with mtgox (that i know of at least)
We are working with TAYPE closely and with the BANKS to find the right solutions that keeps everyone happy. For the most part, it comes down to AML/KYC.
Almost time for another Canada Day aimlessly tackling the crowds around Parliament hill spreading the rambling drunk truth about bitcoins!
Cheers
James
This thread is even more inaccurate than the "List of ongoing scams" thread.
Thank you for your valuable input. You must feel useful. 
My friends use TD Bank in the US for all bitcoin purchases and they've never had problems. Also, I use Citizen's Bank (the subsidiary of Royal Bank of Scotland) and I haven't had many problems. I don't really have proof that either is "bitcoin friendly", but could they go under unconfirmed?
This thread is even more inaccurate than the "List of ongoing scams" thread.
The answer to which banks are hostile to Bitcoin? Same as the answer to how many people are dead in that cemetery: All of them.
Nope.
Bitcoin.de is currently negotiating with Fidor Bank AG for some sort of partnership far beyond than just operating heir account.
Fidor will handle the customers accounts and they will be protected by the 100k deposit insurance of german gov. At the moment bitcoin.de has problems with people refusing to pay settled trades,but this partnership allows no chargebacks then.
http://www.newswire.ca/en/story/1197313/bitcoin-de-and-fidor-bank-ag-agree-on-large-scale-partnership
Amagi Metals said Bank of the West shut down their account so I guess you can add them to the list.
What are banks anyway? Does banking system really exist which is at par with bitcoin standard? Fiat money is overrated. I say instead of exchanging. Wait.
Updated BMO status.
CANADA (5 banks by law)
Royal Bank of Canada - Closed CaVirtex and "Canadian Bitcoins" trading accounts.
Toronto-Dominion Bank - Closed "CADBitcoin" trading account
Bank of Nova Scotia - Closed "CaVirtex" cash account
Bank of Montreal - Closed "CaVirtex" cash deposit account
Canadian Imperial Bank of Commerce - No information
CANADA (5 banks by law)
Royal Bank of Canada - Closed CaVirtex and "Canadian Bitcoins" trading accounts.
Toronto-Dominion Bank - Closed "CADBitcoin" trading account
Bank of Nova Scotia - Closed "CaVirtex" cash account
Bank of Montreal - Closed "CaVirtex" cash deposit account
Canadian Imperial Bank of Commerce - No information
The answer to which banks are hostile to Bitcoin? Same as the answer to how many people are dead in that cemetery: All of them.
Why should they?Banks can easily control BItcoin that are stored at their accounts.
They could even offer interest rate in Bitcoin accounts.
As long as governments will have a Fiat currency in place, Bitcoin might be an interesting solution, but banks have no need for controlling them. They don't need the control at all.
I'm not saying they should, simply (at this point) they do. Of course banks could control Bitcoin in their accounts, and could create an economic model under which lending etc. would be feasible & profitable. As of now, no (government sanctioned) Bitcoin banks exist, and until a bank starts dealing in Bitcoin, it's safe to say all banks are hostile to Bitcoin. Bitcoin encroaches upon the fiat economy, and thus on the banks (unless Bitcoin's widespread acceptance becomes inevitable & the banks are forced to accept/incorporate it). Satoshi was not being overly cautious when he wanted to shield Bitcoin from premature public attention.
Jump to: