Banking issues have plagued the cryptocurrency space since its inception. Last year, even the extremely popular exchange Coinbase had trouble with its banking process, according to Business Insider.
Banking issues are not exclusive to the United States, as this trend has been seen all over the world.
Last week, the Canadian Imperial Bank of Commerce froze bank accounts totalling $28M owned by cryptocurrency exchange QuadrigaCX.
Across the Pacific, banking isn’t easier either. The Reserve Bank of India has recently banned any bank accounts seen transacting with cryptocurrency exchanges. Despite these headaches however, Indian exchange Unocoin seems to be finding a way around the legislation.
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