CapitalOne

Capital One Closes Company’s Bank Account Over Mere Mention of Bitcoin

(CoinDesk) Capital One has closed a bank account belonging to a company that produces metal medallions after it started selling commemorative silver and copper Bitcoin coins.

Rob Gray, CEO of Mulligan Mint, said Capital One gave him no warning before it closed his company’s bank account. He has since contacted the bank, but isn’t satisfied with its response.

“Nobody seems to know who makes decisions there. The local branch gave us nothing, merchant services told us our account was cancelled for selling Bitcoin, and they were not interested in discussing the issue further,” Gray said. Mulligan Mint does not accept Bitcoin as payment for any of its products. The only connection with the digital currency is that it sells two types of bitcoin medallion.