The Bank of Maldives BML has denied exchanging services for cryptocurrencies acquired via online trading.

BML stated after videos emerged online that suggested that the Bank provided cryptocurrency exchange services via its ATMs.

The Bank said it did not offer crypto exchange services through its customer service mediums.

It further said that its ATMs will process transactions from Americal Express cards, VISA cards, and cards from other International Brands.

BML said that International cards can be used to transact through BML ATMs within prescribed limits but no one can withdraw local currency up to $100,000 from the account using any of the cards as mentioned in the video circulated on social media.

The Bank condemned the release of a video suggesting that BML is involved in crypto exchange using the bank's ATM and logo to mislead customers and the public.