According to the newspaper, crypto advisors and lawyers say that they almost daily see someone who comes to say that the bank has blocked his account or asks for more information about the origin of the funds. The complaints come from both active traders and retail investors, who have experimented with investing in digital money and want to take their profits.
–
The banks are taking a strict stance because of the increasingly strict regulations to combat money laundering and the financing of crime. They want to avoid sky-high fines at all costs for accepting money whose origin was unclear. Because there is hardly any supervision on bitcoins and other virtual currencies, the banks regard them as very risky.
–
The major Belgian banks emphasize that customers who transfer money from a crypto platform to an account are checked. At the same time, they reserve the right not to accept customer orders if they suspect they are illegal.
–
