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Bank does not have to reimburse missed bitcoin profit



A man who tried to buy ten bitcoins in 2014 for 339 each, which did not work because his bank blocked his account, the lost profit is not reimbursed by the bank.



25.Jan.19 12:51 PM
By Shawn Highstraw
Photo Getty

   378

Bank does not have to reimburse missed bitcoin profit
A man who tried to buy ten bitcoins in 2014 for 339 each, which did not work because his bank blocked his account, the lost profit is not reimbursed by the bank. This is what the complaints institute Kifid decided.

In November 2014, the man instructed his bank to transfer 3390 to a bitcoin platform for ten bitcoins.

The bank thought that suspicious, suspected that the bank account of the man was used for fraud and tried to contact him. When that failed, the bank blocked the man's bill for a few days.
Displeasing

The man assumed that the bank would not allow the purchase of bitcoins because the bitcoin system could make banks redundant. He did not try to buy ten bitcoins in another way. In his own words because he assumed that the bank would block his account again. He had not asked his bank for this.

After 2014, the price of the bitcoin rose dramatically, to more than $ 19,000 ( 16700) in 2017. In July 2017, when a bitcoin was worth about 2500, the man was already knocking at his bank. According to him, the bank owes him more than 21,000 in lost earnings by not allowing him in 2014 to buy bitcoins.
Missed opportunity

The bank finds the man's complaint too late anyway. Moreover, a few weeks after he had originally wanted to buy bitcoins and had been in contact with the bank, he could buy bitcoins at almost the same price. It is completely unclear why he did not.

Kifid follows the reasoning of the bank. The fact that the man did not buy bitcoins in 2014 is mainly his own fault.



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