Topic: List of Bitcoin Hostile (and friendly) Banks - page 8. (Read 171468 times)

Quote from: Harley997 on June 09, 2014, 09:18:50 PM

In terms of the US: many banks are hostile to bitcoin due to operation Choke Point.

I would not be surprised if other countries have been pressured to institute similar programs.

care to elaborate on Choke Point? Is that a real thing? Who's running it?

https://en.wikipedia.org/wiki/Operation_Choke_Point

That is pretty absurd never knew about this until today or that some banks consider btc a "questionable" business.

Is it not that banks consider Bitcoin "questionable" it is that the government considers it "questionable" and banks can face stiff regulatory penalties if the government does not agree with what they do, even if what they do is legal.

Although the S&P is not a bank, they are facing a lawsuit for misleading the public about the safety of MBS, they are the only of the three credit agencies that are facing a lawsuit of this type even though all three gave the same general opinon however they were also the only credit ratings agency that downgraded the US government debt rating.

phillipsjk

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Let the chips fall where they may.

Lloyds Bank in the UK appears to be bitcoin hostile.

One of the commenters mentioned that Metrobank is also Bitcoin (and Adult industry) hostile.

5flags, who also had their Lloyds accounts closed, recommended HSBC.

Guido recommended Nationwide, but it is not clear that person disclosed Bitcoin-related activity. Guido advises against RBS and Barclays over general scandal, rather than specific Bitcoin hostility

deeplink

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In cryptography we trust

Quote from: kjlimo on June 12, 2014, 07:57:02 AM

Quote from: deeplink on June 12, 2014, 03:38:51 AM

Quote from: Harley997 on June 09, 2014, 09:18:50 PM

In terms of the US: many banks are hostile to bitcoin due to operation Choke Point.

I would not be surprised if other countries have been pressured to institute similar programs.

care to elaborate on Choke Point? Is that a real thing? Who's running it?

https://en.wikipedia.org/wiki/Operation_Choke_Point

That is pretty absurd never knew about this until today or that some banks consider btc a "questionable" business.

Welcome to fascism 2.0

To be fair, the legal teams are just trying to deal with the rules they have to follow.

Fight the regulators, not the banks who are stuck in the middle...

It doesn't matter who is to blame.

Fascism by definition is strong autocratic control. Most people won't fight it until it is too late.

First they came for the Socialists, and I did not speak out—
Because I was not a Socialist.
Then they came for the Trade Unionists, and I did not speak out—
Because I was not a Trade Unionist.
Then they came for the Jews, and I did not speak out—
Because I was not a Jew.
Then they came for me—and there was no one left to speak for me.

kjlimo

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Quote from: deeplink on June 12, 2014, 03:38:51 AM

Quote from: Harley997 on June 09, 2014, 09:18:50 PM

In terms of the US: many banks are hostile to bitcoin due to operation Choke Point.

I would not be surprised if other countries have been pressured to institute similar programs.

care to elaborate on Choke Point? Is that a real thing? Who's running it?

https://en.wikipedia.org/wiki/Operation_Choke_Point

That is pretty absurd never knew about this until today or that some banks consider btc a "questionable" business.

Welcome to fascism 2.0

To be fair, the legal teams are just trying to deal with the rules they have to follow.

Fight the regulators, not the banks who are stuck in the middle...

deeplink

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Activity: 728

Merit: 500

In cryptography we trust

Quote from: Harley997 on June 09, 2014, 09:18:50 PM

In terms of the US: many banks are hostile to bitcoin due to operation Choke Point.

I would not be surprised if other countries have been pressured to institute similar programs.

care to elaborate on Choke Point? Is that a real thing? Who's running it?

https://en.wikipedia.org/wiki/Operation_Choke_Point

That is pretty absurd never knew about this until today or that some banks consider btc a "questionable" business.

Welcome to fascism 2.0

keithers

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This is the land of wolves now & you're not a wolf

Bank of America typically has no problems with debits and credits made from buying and selling BTC

Maidak

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Vave.com - Crypto Casino

Quote from: Harley997 on June 09, 2014, 09:18:50 PM

In terms of the US: many banks are hostile to bitcoin due to operation Choke Point.

I would not be surprised if other countries have been pressured to institute similar programs.

care to elaborate on Choke Point? Is that a real thing? Who's running it?

https://en.wikipedia.org/wiki/Operation_Choke_Point

That is pretty absurd never knew about this until today or that some banks consider btc a "questionable" business.

cosmicapex

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Noticed Wells Fargo section is empty.

Have had Wells Fargo Checking Accounts & Loans for a few years now. Lots of transactions with Coinbase & a few other Bitcoin related enterprises. Never had any issues.

tins

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If the OP would like to add to the list-
There are a chain of banks in the Midwest U.S.A. called Commerce Bank.
They are Bitcoin friendly. Accepting and processing transactions to and from BTC exchanges.

trix222

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Hello, here in France I do not have problem with "La Banque postale" (I can do transfers directly from the website of the bank) and I have a friend at "Crédit Agricole" which has no problem also (he must however move to his bank for each SEPA credit transfer).

We both use Kraken.

Harley997

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Quote from: Harley997 on June 09, 2014, 09:18:50 PM

In terms of the US: many banks are hostile to bitcoin due to operation Choke Point.

I would not be surprised if other countries have been pressured to institute similar programs.

care to elaborate on Choke Point? Is that a real thing? Who's running it?

Here is an article on it
http://www.washingtonpost.com/news/volokh-conspiracy/wp/2014/05/24/operation-choke-point/

It is run by the DOJ (I believe). It basically is as attempt by the government to make banks not offer financial products/services (checking account, credit card processing, payment/ACH processing) to businesses that are legal but have "questionable" morals. Examples of businesses would be ones related to legal pot, porn, payday lenders, and bitcoin.

I use questionable in quotes because it is questionable by the government's own standards, and there is no accountability via congress. Congress has not passed any laws that make any of the types of businesses illegal.

Newar

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https://gliph.me/hUF