Why are banks blocking my cryptocurrency transactions?

Banks often block or reject cryptocurrency transactions due to concerns about the source of funds, compliance with anti-money laundering (AML) regulations, and potential exposure to illegal activities. Since blockchain transactions can be anonymous and decentralized, banks struggle to verify the legitimacy of the funds, which can result in delays, account freezes, or outright rejections.

Cense AG helps consumers by providing a transparent risk assessment of their cryptocurrency transactions. Our platform helps verify the source of funds, providing clear and verifiable information that banks can trust. By working with Cense AG, consumers can present a reliable transaction history that meets the compliance requirements of their bank, ensuring smoother and faster processing of their funds.