Sweden’s largest gold dealer’s bank accounts shut down: Is it time for bitcoin?

Another opportunity for bitcoin use has emerged.

Tavex Guld and Valuta is considered to be the largest gold and silver dealer in Sweden. However, the dealer announced that its bank account had been closed by Swedish bank SEB without its consent, leaving the dealer without any way of accepting payments.

“This decision has, unfortunately, been made without first consulting us, and in addition to state in its notification letter that the decision to close our account due to “a general business decisions,” they have not yet given us any concrete reason why they decided to take this measure,” Tavex said in a notice posted on its website lasted June 30.

Tavex, the largest wholesale supplier of physical notes and investment metals in Sweden, believes it has become a target for the Swedish bank, which has been working towards a “cashless society.”