Bank Shutout Forces Major Polish Crypto Exchange to Move to Malta
Bitbay, the largest cryptocurrency exchange in Poland, has decided to suspend its activities in the country as banks will no longer cooperate with the company, the exchange announced May 29. The exchange will instead be conducted by a new supplier in the jurisdiction of the Republic of Malta, where local laws are more crypto-friendly.
Bitbay states that their business in Poland is contingent upon cooperation with national banks, but the last Polish bank ready to provide services to the exchange decided to cease its business with the exchange at the end May.
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