BITCOIN COMPANIES IN SINGAPORE ARE FACING UNEXPLAINED ACCOUNT CLOSURES 📵

Anson Zeall , who is the Chairman for [Association of Cryptocurrency Enterprises] said that the banks have yet to issue valid grounds for the account closures.

“We would urge Singapore to take a leadership role and demonstrate how to come to an effective resolution among all parties,” - Anson Zeall

Since China 🇨🇳 has given all Cryptocurrency Exchanges until 30 September, it seems other countries are following suite. 👎🏼 (BOOOOOOOO)

A company called CoinHako has also claimed that DBS Bank closed its corporate bank accounts.

CoinHako announced that transactions in Singapore Dollars would be halted until further notice. In the the meantime working on setting up new accounts over the next few weeks.

WHAT DO YOU GUYS THINK?

SHARE YOUR THOUGHTS IN THE COMMENTS BELOW