Crypto business is not very well understood by banks in the Czech Republic. All major domestic cryptocurrency exchanges and exchanges have had their accounts terminated. Yet there is a virtual currency “exchange” that has avoided this. The CoinBank project was co-founded by Jindřich Patera, who once worked as a programmer at Fio Bank. At the same time, she recently declared that it is not possible to establish a corporate account for the needs of crypto business.
“We do not open accounts for subjects doing business in the field of cryptocurrencies,” said Jakub Heřmánek, the spokesperson of Fio bank last November.
Since then, the meaning of his words has intensified. Kryptobyznys lost the accounts it had established in the now-former Equa bank, considered until then to be the last banking refuge for companies doing business with virtual currencies. The situation of CoinBank stands out all the more, which even put the Fio bank logo on the homepage of its website.
“We don’t have any special connection,” Patera responds when asked how he explains the Fio bank’s friendly project towards his CoinBank. “I last worked for Fio more than fifteen years ago and I have no influence on such decisions,” he adds.
Fio bank logo on CoinBank.czAuthor: CoinBank
“Our position that we do not open new accounts to entities dealing with cryptocurrencies remains the same. We are very careful with existing clients, and the bank always has the option to terminate or not to terminate the business relationship at its own discretion. However, these decisions remain an individual assessment,” says Jozef Daňo from the marketing department of Fio banka.
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2023-07-31 16:30:00
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