Recently, more and more cryptocurrency users are facing bank account freezes when exchanging cryptocurrencies or conducting P2P transactions. This issue became relevant in 2025 against the backdrop of the growing popularity of digital assets. Banks explain such actions by the necessity of complying with regulatory requirements, particularly in the fight against money laundering (AML) and combating the financing of terrorism (CTF). Cryptocurrencies, due to their decentralized nature, are often associated with high risks, especially in P2P transactions where transactions occur directly between users without intermediaries.
The main reasons for account freezes: suspicious transactions that banks cannot trace to a source; frequent transfers to cryptocurrency exchanges such as Binance or Bybit; or discrepancies in KYC checks. For example, if a client receives large amounts from unknown individuals or sends funds to wallets associated with sanctioned countries, the bank may freeze the account until details are clarified. Some institutions, like JPMorgan or HSBC, have internal policies for automatic blocking upon detection of cryptocurrency operations.
To avoid problems, experts advise: use licensed exchanges with transparent KYC procedures, keep evidence of the source of funds, avoid frequent transfers of small amounts, and inform the bank of the intention to work with cryptocurrencies. In 2025, regulators in the US and EU intensified control over P2P transactions, requiring exchanges to report suspicious activities. This complicates anonymity but increases security.
Users should be cautious and cooperate with banks by providing the necessary documentation. Transparency and compliance with requirements are key to smooth operations with cryptocurrencies under enhanced oversight.
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