With the rise in crypto usage, there are many that are either looking into or considering the investment into crypto and some that are even thinking about taking it even further in order to develop and exchange for crypto that could prove to be very profitable given the large trade volumes for the coins that we have seen recently. An Australian man however, is not having this pleasant experience as his bank accounts were closed with little warning.
The man runs a crypto exchange, and it is reported that his bank accounts were closed due to cryptocurrency fraud. Furthermore, it is stated that other banks and his customers were notified of this fraud, and this has likely damaged the reputation of the exchange quite considerable. The Australian claims innocence and is request a quarter million AUD from the bank for this dispute.
What do you think constitutes as crypt fraud since there are not many regulations that are surrounding crypto currency?
The man runs a crypto exchange, and it is reported that his bank accounts were closed due to cryptocurrency fraud. Furthermore, it is stated that other banks and his customers were notified of this fraud, and this has likely damaged the reputation of the exchange quite considerable. The Australian claims innocence and is request a quarter million AUD from the bank for this dispute.
What do you think constitutes as crypt fraud since there are not many regulations that are surrounding crypto currency?