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Attorney J. Evolve said it did not have an issue with that planned activity and understand the cryptocurrency nature of the business, the lawsuit claims. The account was opened in mid-to-late April.
Evolve then asked ModernTender not to make large cash deposits, and on May 3 notified the company it had closed the account, the lawsuit says. According to the lawsuit, prior to the account opening, Evolve did tell ModernTender that armored car and cash vault services eventually would be required for large cash deposits, but the bank was aware that it would take time for the company to make those arrangements and that ModernTender planned to make deposits in person until then.
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Boulderites among early adopters of Bitcoin teller machines, or BTMs – Boulder Daily Camera
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