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The National Australia Bank (NAB) is reportedly closing the account of a long-time customer who is also a Bitcoin (BTC<\/a>) holder without providing a reason.<\/p>\n According to a new Daily Mail report, the $455 billion NAB notified<\/a> customer Shane Lucas, 49, that he has until October 14th to close his bank accounts or the bank will do it for him.<\/p>\n 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 \u201ctransactions made to high-risk cryptocurrency exchanges\u201d in an effort to keep clients away from a \u201cscam epidemic.\u201d<\/p>\n 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 \u201cprobably the issue.\u201d<\/p>\n 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.<\/p>\n \u201cI am a shrimp \u2013 not a Bitcoin whale\u2026 I am not some big multi-millionaire. I am just an average guy\u2026<\/em><\/p>\n It should be a free society where we have the right to purchase what we want. I am not doing anything illegal.\u201d\u00a0<\/em><\/p>\n Daily Mail is often criticized for its unreliability as a news source. Fact checker site\u00a0The Factual<\/a>\u00a0has Daily Mail rated as only 40% reliable.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>
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