UK Bank Closes Safello Accounts 6 Weeks After Entering Partnership

By January 26, 2015Bitcoin Business

Six weeks after Swedish-based bitcoin exchange Safello announced rapid ‘Faster Payments’ deposits for UK customers, its banking partner has withdrawn its services and will close its accounts as of tomorrow.

Safello, which received the 14-day closure notice from the undisclosed UK bank on 13th January, said: "there was no base for the decision to shut our accounts down. Nor were we unclear in our communication towards the UK bank prior to getting our accounts approved".

Frank Schuil, Safello ‘s CEO and co-founder, told […]

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