A blacklist of banks that block movements to or from Bitcoin/Crypto related services.

[Shavethewhale]

I have found this list on GitHub very interesting.

It might help some of you out when interacting with crypto.

In this blacklist you can find and report banks that are blocking of limiting transactions to / from Bitcoin or Crypto related services.
If you experienced such behavior from your bank, please open a PR or an Issue.

What we need:

Name of the bank
SWIFT/BIC
A clear proof (an email, a pdf, a link to their policies...anything)

https://github.com/theDavidCoen/BanksAgainstBitcoin

 

[wellington]

Tiny list... missing Santander etc.

 

[Shavethewhale]

It is in a GitHub repo it will continue. Read up on the criteria's.

 

[JackAlabama]

I have found this list on GitHub very interesting.

It might help some of you out when interacting with crypto.

In this blacklist you can find and report banks that are blocking of limiting transactions to / from Bitcoin or Crypto related services.
If you experienced such behavior from your bank, please open a PR or an Issue.

What we need:

Name of the bank
SWIFT/BIC
A clear proof (an email, a pdf, a link to their policies...anything)

https://github.com/theDavidCoen/BanksAgainstBitcoin

i get that banks dont want let you send to crypto, it fs them up as its some kind of stealth bank run.
However banks not wanting to get cash from crypto are more of the stupid kind of places, since it helps them getting books in order in the face of a bank run.

 

[Sols]

However banks not wanting to get cash from crypto are more of the stupid kind of places, since it helps them getting books in order in the face of a bank run.

Some banks find that crypto exchanges have poor or no KYC and SOF/SOW checks, which means that the money coming in to the bank has an unacceptably high of a risk of being dirty (relative to the amount of money they can make from it). Dirty money is expensive.

 

[JackAlabama]

Some banks find that crypto exchanges have poor or no KYC and SOF/SOW checks, which means that the money coming in to the bank has an unacceptably high of a risk of being dirty (relative to the amount of money they can make from it). Dirty money is expensive.

most dirty money is from banking itself and not crypto, the amount is miniscule and does not warrant the treatment at all.
https://dig.watch/updates/chainalysis-issues-the-2023-cryptocurrency-crime-report

 

[Sols]

most dirty money is from banking itself and not crypto, the amount is miniscule and does not warrant the treatment at all.

That's not how banks view it. They look at 10,000 fiat transactions vs. 100 crypto transactions, and determine that there is a greater risk of a dirty transaction in the 100 crypto than in the 10,000 fiat transactions.

By most measures, fiat is several orders of magnitude larger than crypto. In absolute terms, there is more dirty money in fiat simple because it's so much bigger. In relative terms, some banks have assessed that crypto is disproportionately commonly related to criminal activities.