BTC-e Blames New US Policy for Wire Transfer Issues

European bitcoin exchange BTC-e is reportedly experiencing problems with US bank wires.

security, payments

BTC-e has announced that US dollar withdrawals and deposits sent via bank transfer could be delayed for as long as two weeks.

In a 28th May message posted by the BTC-e support team, the European digital currency exchange blamed “a new American policy” for the anticipated delays.

The message reads:

“Attention everyone who sends us US dollars and trying to withdrawal in US dollars through bank transfer. From tightened for a new American policy correspondence banks in relation to payment institutions deposits and withdrawals of US dollars delayed for 1-2 weeks.”

BTC-e did not immediately respond to a request for comment.

CoinDesk will continue monitoring this developing story.

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Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.