2018-6-29 21:00 |
An industry group in Poland is attempting to challenge banks that are allegedly refusing to provide services for firms associated with cryptocurrencies.
The Polish Bitcoin Association (PBS) has appealed to the Office of Competition and Consumer Protection (OCCP), requesting that the antitrust authority start investigating the alleged restriction of competition.
It filed a letter with the OCCP on June 26, the industry group announced.
A memo seen by Finance Magnates reportedly shows the PBS has criticized 15 financial institutions for denying 52 entities’ bank account applications and closing bank accounts of 25 entities.
MBank, the nation’s fourth-largest banking group in terms of assets and loans, allegedly made nine refusals and closed three accounts, according to the complaint.