Banks refuse to take Deposits of Money earned from Bitcoin Exchanges

Published on 29 Jan 2018 by Tushar

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A number of retail investors who had purchased cryptocurrencies such as Bitcoin have been left in a bind as banks are not allowing them to deposit money earned from their trading on exchange platforms. According to the report, investors said that they were unable to either trade on some of the bitcoin exchanges or withdraw the money they had invested into their bank accounts.

The investors further said that they are now finding it difficult to file a complaint as the banks as well as the bitcoin exchanges are passing the buck to each other over the issue.

Speaking to the newspaper, Vandana Tiwari, an investor from Varanasi said, "I had written to the exchange but they said that they have not received the money while my bank statement shows that the money was credited. Now, I don’t know whom to approach. Banks are also not giving any clarification."

Source: MoneyControl


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