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Swan Bitcoin, a crypto asset management service provider, has announced its decision to terminate accounts that interact directly with Bitcoin mixing services. The company cited pressure from its banking partners and the need to comply with FinCEN regulations, despite its pro-privacy stance. This move could result in the loss of banking access for Swan Bitcoin.
Swan Bitcoin might lose all banking access https://t.co/GpynEaiEYk
“At Schwab my voice is my password.” They’ve been getting their back kicked in (and rightfully so), but this is pretty cool.
#Swan Bitcoin Announces It Might Terminate Accounts Interacting With #Bitcoin Mixing Services https://t.co/CtMOsa3JwH
Swan Bitcoin to close accounts linked to crypto mixers, citing FinCEN compliance despite its pro-privacy stance. https://t.co/mBCea6h4FV
Crypto asset management service provider Swan Bitcoin sent a letter to its customers stating that it will block user accounts that interact directly with coin mixing services. Swan Bitcoin explained that the change was due to pressure from its banking partners.… https://t.co/vg79Da7Eef
#Swan Bitcoin to Terminate Accounts Interacting With #Bitcoin Mixing Services https://t.co/CtMOsa3JwH