Capital Treasury Services says it remains committed to providing digital currency services – after pulling its payment services to the sector this week.
In a statement, the company’s managing director John Cookson says his firm went out of its way to set up risk management and anti-money laundering procedures to deal with Bitcoin despite the cryptocurrency being unregulated.
Mr Cookson says Capital Treasury Services only accepted clients who had suitable procedures and transactions were monitored closely.
He added the company regrets having to withdraw services to Bitcoin businesses but will continue to work with companies to find a way forward.
American company Instabill has now come forward to offer alternative payment services.
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