In the latest development today, a multinational investment bank, Bank of America (BofA), has been accused of perpetrating anti-crypto moves. 

Around the early hours of the day, Muneeb Ali, co-founder of the layer-1 blockchain Stacks, tweeted via his Twitter handle that the Bank of America had closed down his personal account with them without giving a definite reason.

The Stacks co-founder alleges that this move by the American banking giant was in response to him conducting Bitcoin transactions with Coinbase using that account. In addition, he claims this action should be considered as a declaration of war on Bitcoin and crypto in general. 

Coinbase CEO Responds, Runs Poll To Confirm Allegations Against Bank of America. 

Following the alarming statements by Muneeb Ali this morning, there has been a plethora of reactions, with the most notable being from the Coinbase CEO, Brian Armstrong,  one of the key figures in the crypto space by virtue of Coinbase being the largest US cryptocurrency exchange. 

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In reaction to the strong allegations leveled against the Bank of America, the Coinbase CEO has put out a poll asking users to confirm if they’ve experienced similar issues with the accused bank.

At the time of writing, the poll has received 11,820 responses, with only 9% voting “Yes” and 19% voting “No.” Meanwhile, 75% opted just to view the results. 

Could There Really Be A War On Crypto?

As of now, the Bank of America is yet to issue an official statement in response to the damning allegations by Stacks co-founder Muneeb Ali. 

However, Dogecoin Advocate and Engineer Timothy Stebbing have suggested that the reported account closure by the

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Author: Semilore Faleti

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