Topic: Banks blocking accounts related with crypto - page 2. (Read 453 times)
What you heard wasn't true. Banks maybe not a pro crypto but neither they are anti. Cryptos are too many, we can't be specific to it and bank is centralized. You can't go to war alone.
even in my country in Kenya, there has been a crack down on crypto traders especially in localbitcoins. banks are scared stiff
Am I the only one who heard that banks started blocking accounts of people that generated money via crypto trading or crypto investments?
The war Crypto vs Banks has begun?
Maybe not Crypto vs Banks? It's the Crypto versus the state, because the Banks are also controlled by the state, so it's possible that the state has relevant regulations that restrict Crypto. The war Crypto vs Banks has begun?
Banks are still at the win win side. Once you convert your crypto into fiat and send to your bank account, bank still charges some percentages and also they charges you when you deposit fiat into your crypto exchange.
Am I the only one who heard that banks started blocking accounts of people that generated money via crypto trading or crypto investments?
The war Crypto vs Banks has begun?
I was told that same thing is beginning to happen in Nigeria. But this will only complicate issues for them. Apart from legal battles the banks will subject to themselves, the cryptocurrency investors will always find alternative ways of dealing.The war Crypto vs Banks has begun?
The CBN of Nigeria has already issued a notice to bank to closed all account related to crypto from day 1. Their fear is that there are many fraud in the crypto world and they dont want their customers to lose their money. Remember the MMM ponzi scam was the CBN case study. All they are is saying is that bitcoin is a ponzi scam.
In my country, Bangko Sentral ng Pilipinas "BSP" (Philippines) supports crypto currency. However a local BANK here named BDO (Banco De Oro) forcefully closed one bank account because of transactions related to crypto. The account owner reported the BANK branch to BSP. In the end the account was released and unblocked. 
. im so lucky i live here.
. im so lucky i live here.That’s good news and hoping the Philippines will soon legalize it like Japan does.. Most bank like BDO might feeling the hate now from this incident by the Pilipino bitcoin users community and I hope it will reflect to they’re net worth soon.. The BSP is doing such good job as one role model in taking action fairly in both sides and I’m sure the new government administration has the big effect on this..
Even in my country, and my friends are telling me that the banks are somewhat starting to block accounts that seems to be involved in crypto currencies. However, I am not having any problem in my account, I can still deposit and withdraw money from cryptocurrencies, the one I am converting my bitcoins.
yeah i heard it too bank closed accounts related to crypto and also they would not let you open a bank account if your source of income is related to cryptocurrencies.
In my country, Bangko Sentral ng Pilipinas "BSP" (Philippines) supports crypto currency. However a local BANK here named BDO (Banco De Oro) forcefully closed one bank account because of transactions related to crypto. The account owner reported the BANK branch to BSP. In the end the account was released and unblocked. . im so lucky i live here.
. im so lucky i live here.
For those that have heard of individual stories of blocked accounts, do you also hear of wholesale blocking? i.e. all accounts blocked by a specific bank (so its there policy) or country (so local legislation)? If not, we should conclude this is individual incidence likely due to transactions deemed as suspicious. If you suddenly pull $10k from a foreign source, bank might be suspicious.
Am I the only one who heard that banks started blocking accounts of people that generated money via crypto trading or crypto investments?
The war Crypto vs Banks has begun?
The war Crypto vs Banks has begun?
Have heard of it for many months ago,, even creating one account for storing money from crypto trading will not permit you to apply one.. It happen not because cryptocurrency is risky but the banking officials who handle the financial system in most countries are greedy.. Then it is the ultimate proof that bankers is not for the people/clients but for money from big investors who hate bitcoin so much..
If this thing really happened then i can say that banks really feels bad about the crypto currency. We both do not know the yet for now, but I am hopeful that this is not a serious isue.
Blocking of accounts related to crypto is a very wrong development because it will not help the global economy. The inflow of funds to the banks helps the banks to survive so that let banks accepts the money flow from the crypto world and forget about the unhealthy rivalry.
Banks can't close accounts without a good reason.
but as centralized system, i think bank can do anything to anybody,, because the bank have full control on it,,
this is why the bank didn't like decentralized system,,
I guess this is just happening with most of the banks in Australia.
I live in India and here we have application like zebpay and unovoin from where we link our bank account and all my profit has been due to rise of btc.
But I did not receive any warnings or news from the bank like you are saying.
I live in India and here we have application like zebpay and unovoin from where we link our bank account and all my profit has been due to rise of btc.
But I did not receive any warnings or news from the bank like you are saying.
Fortunately, heard nothing about this in my country. The last news I know is that the government in my country is trying to consider the use of digital currencies and finding good applications of it. Hopefully, this will be fixed and will be stopped before spreading throughout different countries.
I don't know what's the state of banks in my country but I felt suspicious when Coinsecure's Yes Bank account was permanently disabled and it looked like they had some issues (whether or not because of crypto) but the Government already charges 20-30% taxes. What more they want now?
Am I the only one who heard that banks started blocking accounts of people that generated money via crypto trading or crypto investments?
The war Crypto vs Banks has begun?
I was told that same thing is beginning to happen in Nigeria. But this will only complicate issues for them. Apart from legal battles the banks will subject to themselves, the cryptocurrency investors will always find alternative ways of dealing. The war Crypto vs Banks has begun?
anyone heard about banks doing this in the EU?
I only even heard about the kraken, In my experience the kraken platform even had the problem with the bankers, Because the crypto still can be considered as illegal thing and the bank can frozen the fund that linked to the crypto transaction. Am I the only one who heard that banks started blocking accounts of people that generated money via crypto trading or crypto investments?
The war Crypto vs Banks has begun?
The war Crypto vs Banks has begun?
In my country nothing happens like that and crypto tradind is not a illegal business then why they are blocking the bank accounts.And they cannot do like this until we pay the taxes for bitcoin earnings to the government.If they do like that the you can file cases in the court because you are not doing anything illegal.
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