Western Union Blocks Cryptocurrency-Related Transactions

International money transfer services provider Western Union (WU) has launched a campaign against wire transfer transactions involving digital currency exchanges. The company’s decision to disallow cryptocurrency-related services or transactions is covered by its internal regulations.

In a post by a Reddit user in early December 2017, the company has reportedly advised the cryptocurrency exchange Kraken that it is not processing a transaction related to digital currencies because it is against its internal rules.