Aussie Bitcoin Trader Sue Banks for Company Account Closure
Last Updated: 19 January 2021
For all the talk about cryptocurrencies getting the mainstream attention they deserve, there is still a significant amount of discrimination from companies in the traditional finance sector.
The subject is in the forefront once more after an Australian crypto exchange owner dragged two banks to court recently.
20 Banks Closed His Accounts
According to a recent Australian Financial Review report, Allan Flynn, a local Bitcoin trader and exchange owner, has sued ANZ and Westpac – two commercial banks in the country – of systematic discrimination. Flynn has reportedly been the victim of discriminatory practices from both banks, experiencing several account shutdowns that have affected him and his business.
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