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