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Big Australian banks stun bitcoin companies by closing their accounts.

Stashed in: Bitcoin, Bitcoin

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Rather untrustworthy of the banks, isn't it?

Until they can prove they are complying with International criminal law--which fromĀ  all appearances these bitcoin companies cannot--then I think the banks have the right idea. I think the criticism they are doing it to avoid disruption is a red herring.

That's a good point. Banks have all the power in that relationship.

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