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 <li>Co-founder of Stacks Muneeb Ali announced that Bank of America closed his account.</li> 
 <li>Ali speculates that the closure is due to his Bitcoin transactions on Coinbase.</li> 
 <li>Coinbase CEO Brian Armstrong asked the public for similar experiences, with many accusing the platform of the same doing.</li> 
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 Muneeb Ali, co-founder of Stacks and CEO of Trust Machines, took to social media to express his grievances after Bank of America (BoA) closed his account. This led him to speculate that the action was related to his use of the account for <a href="https://coinedition.com/what-is-bitcoin-everything-you-need-to-know/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a> transactions on Coinbase. 
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 So <a href="https://twitter.com/BankofAmerica?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@BankofAmerica</a> just closed my personal bank account that I’ve used for 15 years. No reason given. Real reason? I do Coinbase transactions through this account for Bitcoin. This is a war on Bitcoin &amp; crypto. Please RT to warn others. We won’t stay silent.— muneeb.btc (@muneeb) <a href="https://twitter.com/muneeb/status/1679143982322839556?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 12, 2023</a> 
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 Brian Armstrong, co-founder and CEO at Coinbase, <a href="https://twitter.com/brian_armstrong/status/1679314491849465856" target="_blank" rel="noopener noreferrer nofollow">reacted</a> to Ali’s tweet and asked the public if anyone has ever faced the same problem. This sparked a flurry of responses, with many expressing their dissatisfaction and distrust of the BoA. 
 One user said, “I would never use BoA.” Another referred to the bank … 
 The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/did-bank-of-america-close-a-customer-account-for-using-crypto/">Did Bank of America Close a Customer Account for Using Crypto?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.
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Did Bank of America Close a Customer Account for Using Crypto?

Coin Edition

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