Muneeb, co-founder of Stacks, stated that Bank of America recently closed his account, which he had used for 15 years, without giving any reason. Muneeb suspects that the closure of his account is related to his Bitcoin transactions on Coinbase.
Coinbase CEO Brian Armstrong initiated a community vote, which showed that Muneeb's situation is not unique.
Currently, Muneeb's bank account has been restored. Brian Armstrong stated that he hopes Bank of America will provide an explanation for the issue, and Coinbase will also provide assistance to its users.
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