others
$455,000,000,000 Bank Abruptly Closes Account of BTC Holder and Client of 30 Years Without Explanation: Report – Crypto News
The National Australia Bank (NAB) is reportedly closing the account of a long-time customer who is also a Bitcoin (BTC) holder without providing a reason.
According to a new Daily Mail report, the $455 billion NAB notified customer Shane Lucas, 49, that he has until October 14th to close his bank accounts or the bank will do it for him.
No reason was reportedly given, but the letter notification comes shortly after NAB announced in July a crackdown on using bank services for crypto exchange purchases. The Daily Mail reports that the NAB would terminate “transactions made to high-risk cryptocurrency exchanges” in an effort to keep clients away from a “scam epidemic.”
According to Daily Mail, Lucas asked an NAB branch manager if the account was being closed because he bought Bitcoin and the manager allegedly said that was “probably the issue.”
Lucas, who was an NAB customer for three decades, tells the Daily Mail that his Bitcoin purchases were not recent and his total BTC holdings are modest.
“I am a shrimp – not a Bitcoin whale… I am not some big multi-millionaire. I am just an average guy…
It should be a free society where we have the right to purchase what we want. I am not doing anything illegal.”
Daily Mail is often criticized for its unreliability as a news source. Fact checker site The Factual has Daily Mail rated as only 40% reliable.
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
-
Blockchain1 week agoUS Sanctions Iran-Linked HormuzSafe, Cites Bitcoin Payments – Crypto News
-
De-fi1 week agoBitcoin Slips Below $64K After Warsh Says “No Soft Inflation Target” – Crypto News
-
Cryptocurrency1 week agoTwenty One Capital’s new CEO warns the Bitcoin treasury playbook is dying – Crypto News
-
Blockchain1 week agoElliptic Report Shows How Bitcoin ATM Scams Move From Cash To On-Chain Wallets – Crypto News
-
Cryptocurrency1 week agoThree key demand drivers stall at once, leaving Bitcoin’s $64,000 support to long-term holders – Crypto News
-
Technology1 week agoAI to strengthen enterprise software firms, not replace them: Goldman Sachs – Crypto News
-
Technology1 week ago
Breaking: Ripple-Backed XRP Treasury Evernorth Files S-4, Finalizes Executive Agreements – Crypto News
-
others1 week ago
Pi Network Price Prediction as PI Outperforms Bitcoin Ahead of Ninth Protocol Upgrade – Crypto News
-
Blockchain1 week agozerohash Launches Agentic Finance Tools for Platforms – Crypto News
-
Cryptocurrency1 week agoForget ETF flows, Bitcoin’s real threat is a hidden $39,900 liquidation wall – Crypto News
-
De-fi1 week agoSEC warning over crypto yield vaults puts DeFi’s secret human controllers in the crosshairs – Crypto News
-
Technology1 week ago
AI to strengthen enterprise software firms, not replace them: Goldman Sachs – Crypto News
-
others1 week ago
Breaking: Senator Tillis Pushes to Send Clarity Act Ethics Package to White House by Friday – Crypto News
-
Business1 week ago
US Senators Give Apple Aug 21 Deadline to Dump Blacklisted Chinese Chipmakers CXMT & YMTC – Crypto News
-
Cryptocurrency4 days agoWashington gave crypto every legal win it begged for then lost the market anyway – Crypto News