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Crypto-Friendly Bank’ Blocked Your Money? Good Luck Recovering It

Sooner or later, you may be blocked out of your bank account. It can happen to any of us, and it can even happen with supposedly crypto-friendly “banks,” such as Bitwala, Revolut, and more. The question is: what should you do if such a company freezes or blocks your account? Well, according to lawyers, there isn’t any legal ‘magic bullet’ you can use that will successfully get your account reopened. Still, at the very least, you can seek to contact and cooperate with your company as fully as possible, assuming that they’ve frozen your account in order to carry out KYC (know your customer) or AML (anti-money laundering) checks. And in a worst-case scenario, you can always contact the financial regulator of the country where you and the bank are located. @TradeCryptoNow