Sunday, September 1, 2013

De Novo CU Suspends Services to Bitcoin Accounts

Last week I reported that Tradehill Inc., an exchange for virtual currencies such as Bitcoin, was moving customer accounts to Internet Archive Federal Credit Union of New Brunswick, New Jersey.

Internet Archive FCU has reversed its decision to service accounts linked to Bitcoin.

In an August 29 blog post, the credit union wrote: "Certain operational and regulatory issues came up including some that apply to new credit unions like ours... Until we have further clarity, we are unable to service some of our corporate members."
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