Nostr Web Client

Hi nostr:nprofile1qqsvf646uxlreajhhsv9tms9u6w7nuzeedaqty38z69cpwyhv89ufcqpzamhxue69uhhyetvv9ujucm4wfex2mn59en8j6gpzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhgqg5waehxw309aex2mrp0yhxgctdw4eju6t0t25cfd, I have a client who is buying his bitcoins, yes, plural, through Strike on my recommendation here in Germany.

Strike has just closed his account and demands bank activity details for the last 90 days. How does this happen and why? My client is fully kyced with you already.

Strike has in the past imposed a limit on his buys, 50.000€ a week which, seemingly unnecessary and demanded more information about his income and so forth.

If this keeps happening, he will simply take his business somewhere else and I don't know what to say. I also can't recommend Strike anymore to high volume clients if this is their experience. What can we do here?

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Discussion

TheGrinder 8mo ago

Strike is bound to comply with EU shenanigans including the crypto travel rule, MiCA and co. Your client is having the same issues I'm having EVERYWHERE else with funds linked to German bank accounts. I don't have the same issues with my foreign bank accounts and platforms NOT KYC'ed to the temp German address.

Rico 8mo ago

I figured that it is related to MiCA and so forth but why is there no warning and no explanation coming from Strike. Locking down someone's bank & bitcoin account is a serious matter and can't happen out of the blue like this. My client is transacting serious amounts of fiat and bitcoin with Strike.

I hope nostr:nprofile1qqsvf646uxlreajhhsv9tms9u6w7nuzeedaqty38z69cpwyhv89ufcqpzamhxue69uhhyetvv9ujucm4wfex2mn59en8j6gpzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhgqg5waehxw309aex2mrp0yhxgctdw4eju6t0t25cfd finds the time to respond

TheGrinder 8mo ago

I don't think the CEO will deal with individual customers on an international level. I would reach out to their compliance officer for the EU / Germany but they will most likely tell you the same thing. It's only going to get worth from here onwards in particular for people living in the EU. Your client should start looking into alternatives OUTSIDE of Germany.

I've been stacking for a very long time and accumulating (and selling Bitcoin) has never been as complicated at is right now.

d0enakalle🐇⚡ 8mo ago

Explanation for "no explanation by strike" in this article:

https://www.blocktrainer.de/blog/bitcoin-anbieter-sperren-kunden-aus