Crypto payment processor, BitPay, has been criticized for freezing bitcoin donations to Hong Kong Free Press (HKFP).
The crypto donations for HKFP were temporarily suspended, according to a tweet posted by the founder and editor-in-chief, Tom Grundy. This is due to BitPay refusing to transfer the donations for the past three weeks.
Grundy the posted another tweet in which it explains that funds were locked for weeks just because Hong Kong banks use SWIFT and not IBANs. It is strange that the problem of SWIFT transfers wasn’t a problem up until now.
Some speculate that the issue stems from pressure from the Chinese government on the payment processors, but it could also be just a problem on Bitpay’s part.
Regardless, the issue has generated a great deal of bad publicity for Bitpay and its services. The main issue is that BitPay refused to transfer a $100,000 bitcoin donation dedicated to fire prevention in the Amazon rainforest because it surpassed the charity’s maximum allowable amount.
BitPay ignored the formal complaint and…