
“Precious metals purveyor Amagi Metals announced on Friday that as of mid-August, their current bank account with San Francisco headquartered Bank of the West would be closed. In the latest case of banking aversion to bitcoin, Amagi Metals stated that the basis for the account closure is the fact that Amagi Metals accepts bitcoin as a payment method, which Bank of the West views as a risk. While it is the prerogative of a bank to choose not to do business any entity based on a risk assessment, a decision to cut off a customer based on the fact that they accept a specific method of payment is unusual.”
http://bitcoinmagazine.com/amagi-metals-to-lose-bank-account/
Related posts:
How You Can Quickly Make It into the World's 1% Richest
NYPD Taru Zuccotti Raid Footage
FBI Stops Publishing Data on America’s Ridiculous Marijuana Arrest Rates
KnCMiner Launches Neptune ASIC Bitcoin Miner With at Least 2TH of Power
Insider Speaks About Booz Allen, The Employer of Edward Snowden
Florida “Officer of the Year” Arrested on Federal Child Pornography Charges
House votes to uphold increased spending on ‘unneeded and unwanted’ nuclear bombs
Dubai And Saudi Stock Markets Getting Totally Smoked
Feds want mental health records, float plan to ban guns from legal pot smokers
Latin American Exec: Employees Could Earn 5% More with Bitcoin
James Bamford: Connecting the Dots on PRISM, Phone Surveillance, and the NSA’s Massive Spy Center
IRS: Cheapest Obamacare Plan Will Cost $20,000 per Family by 2016
A Short Interview With Blockchain.info Investor Roger Ver
Database hacking spree on US Army, NASA, others costs gov’t millions
US – Sri Lankans “Asked” to Register with their Banks — What if they don’t do so voluntarily?