Metropolitan Commercial Bank is pushing back against reports that it has moved to halt international wires related to cryptocurrencies.
In a statement published Tuesday morning, the bank's parent company, Metropolitan Bank Holding Corp., said it was responding to "erroneous statements contained in articles" regarding its policies, which it said hadn't been changed.
The statement comes two days after reports indicated that the bank had ceased international wire transfers related to cryptocurrencies because it was unable to verify that overseas banks complied with certain rules or regulations. In addition, according to Fortune's report, the push was "alleged to be a response to an incident of international fraud associated with one of the bank's clients."
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