Iberia Bank hates Bitcoin - page 2. | Bitcointalksearch.org

jekjekman

sr. member

Activity: 378

Merit: 250

Quote from: grinmoure on October 11, 2017, 10:37:26 PM

Went to open a business checking account for a personal investment company. Agent asks purpose of the entity. Said one of the intents to invest in bitcoin and other digital currencies. Bank rejected account application stating not wanting to be associated with bitcoin, etc. Shame.

There is no doubt about that though as Banks really hate Bitcoin and it will never support it because they see it as a threat and for me it is just a matter of time that this Banks will become obsolete just like the company of Kodak. They can't stop people to invest in Bitcoin so they just started it by themselves by blocking every attempt of anyone in investing in digital currencies using their money.

It is a clear sign that Bitcoin is the future of digital currency, and Bankers will do some political moves among the governments of each countries in regulating this Bitcoin thing for sure.

Proton2233

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All banks and governments hate bitcoin. The government understand that they are losing taxes and there is nothing we can do about it. Banks are losing their income. Why keep the Deposit in the Bank if possession of bitcoins brings much more income and not threatened so that the Bank will go bankrupt and disappear with your money. Without deposits, banks can't exist and therefore any mention of bitcoin by furious the owners of the banks.

Flor1982

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Quote from: grinmoure on October 11, 2017, 10:37:26 PM

Went to open a business checking account for a personal investment company. Agent asks purpose of the entity. Said one of the intents to invest in bitcoin and other digital currencies. Bank rejected account application stating not wanting to be associated with bitcoin, etc. Shame.

I dont understand why the bank rejecting bitcoins related to think it is not the bitcoin itself that you are going to deposit to them but the paper money or Fiat. Then i suggest that every time you will open an account dont tell them bitcoin is the source but you will just say to them that your money came from your personal salary or you may state other business source like personal lending or any business name that not link to crypto currency.

Kingofbitcoin12345

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They really that vocal about they’re hatred towards bitcoin,, it’s rude.. Don’t worry I now hating them too,, so we’re even.. Things getting dirty with banks versus bitcoin,, are they supposed to act like this if bitcoin is just “fraud” for them.. They might issue a memorandum to every employee that those with bitcoin intent customers must not be approved,, how sad they’re being low minded individuals..

jseverson

hero member

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Iberia Bank in the US? Yeah, they must have a company policy against Bitcoin or something. I read something a while back on reddit saying he was contacted by the bank when he tried to link his coinbase account into it. It sucks, but if it's a company policy, then there's little you can really do about it. It might be part of their internal protocol to avoid money laundering since reputation is everything for banks these days. Just speak with your money and open an account elsewhere. At least they haven't had the chance to potentially block your Bitcoin transactions yet.

The Sceptical Chymist

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I don't even know where Iberia is, but no matter. My bank in the US questioned me last year about all the bitcoin I bought when Circle was still in the crypto business--RIP Circle. Banks have the same perception of bitcoin as most people, i.e, that it's used for drugs, gambling, and illegal pornography. And banks are conservative by nature, so your experience is not shocking to say the least.

grinmoure

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Activity: 156

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Went to open a business checking account for a personal investment company. Agent asks purpose of the entity. Said one of the intents to invest in bitcoin and other digital currencies. Bank rejected account application stating not wanting to be associated with bitcoin, etc. Shame.

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