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Kimovich K

1 reviews | Active since Jan 2025

22 Jan 2025, 23:17

Capitec is Anti Crypto, enjoy being left behind.

(25 Dec 2024) - Capitec was fined R56 million by FICA for non compliance with the financial laws and regulations of the country. Application Irregularities 🤡

For a bank that didn't mind going lekker bos with Zimbabwe you have no problem trying to control what actual citizens of the country are 'allowed' to do with their money.

By blocking people from Luno and Valr (two of the top cryptocurrency exchanges in South Africa) you are effectively taking our money hostage. You cannot convince me that a company that has a multi-story building in Cape Town (https://shorturl.at/9Y5jy) is to be considered 'a suspicious account holder' and cannot be paid as a beneficiary.

You need to come right Capitec, or you will be left behind.

0
Replies (2)
Capitec Bank
Capitec Bank's reply23 Jan 2025, 07:22
Official
Hi Kimovich, thank you for letting us know of your concern, and for your patience while we explore this matter. We have assigned your query to a designated official who will contact you within the next business day.
KK
Kimovich K's update24 Jan 2025, 11:06
Reviewer Update
Hi, you don't need to contact me. All you need to do is make it possible to pay both Luno and Valr cryptocurrency exchanges as beneficiaries again. I simply want to pay each of them as a beneficiary. Stop blocking these companies from operating and allow your customers the freedom to choose. I've been paying them beneficiaries for years, but last month you deemed these excellent companies as 'suspicious'. You are forcing me to leave Capitec in favour of another bank that does not practice blocking/censoring accounts.