South Africa closes cryptocurrency accounts

First National Bank “FNB” (South Africa) closes cryptocurrency accounts. According to My Broadband: “Major South African cryptocurrency exchanges – including #Luno, #ICE3X, and #VALR – have been notified by #FNB that their bank accounts will be closed. According to a letter seen by MyBroadband, FirstRand Bank told the cryptocurrency exchanges that it has been considering its “risk appetite” regarding virtual currencies and related exchanges, and has decided to discontinue the provision of banking services to certain companies…”

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