BitPay Criticized By Hong Kong Free Press For Freezing Bitcoin Payments

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Bitcoin and cryptocurrency payment processor, BitPay, is about to face another wave of negative publicity. This time it has refused to transfer funds sent as bitcoin donations to Hong Kong Free Press. Bitcoin Donations Temporarily Suspended In an angry tweet, HKFP founder and editor-in-chief, Tom Grundy, informed supporters that cryptocurrency donations were temporarily suspended. The reason for this was that BitPay had refused to transfer donations for the past three weeks. BIG THANKS to HKFP's supporters who donated HK$14,817 in Bitcoin since 2015. However, cryto donations are temporarily suspended as @BitPay has refused to transfer @hongkongfp's donations for 3 weeks without good reason. @spair @BitPaySupport pic.twitter.com/gz6AdozcNe — Tom Grundy (@tomgrundy) September 11, 2019 In a follow-up tweet, Grundy explained that funds had been held for weeks, simply because Hong Kong banks use SWIFT and not IBANs. One would imagine though, that this would have been a consistent issue, so it…

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