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Topic: List of Bitcoin Hostile (and friendly) Banks - page 8. (Read 171467 times)

sr. member
Activity: 266
Merit: 250
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.
legendary
Activity: 1008
Merit: 1001
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
hero member
Activity: 728
Merit: 500
In cryptography we trust
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.

legendary
Activity: 2114
Merit: 1031
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...
hero member
Activity: 728
Merit: 500
In cryptography we trust
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
legendary
Activity: 1456
Merit: 1001
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
legendary
Activity: 1890
Merit: 1058
Vave.com - Crypto Casino
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.
member
Activity: 87
Merit: 10
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.
hero member
Activity: 882
Merit: 500

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.
member
Activity: 73
Merit: 10
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.
sr. member
Activity: 266
Merit: 250
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.
legendary
Activity: 1358
Merit: 1001
https://gliph.me/hUF
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
legendary
Activity: 2114
Merit: 1031
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?
sr. member
Activity: 266
Merit: 250
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.
legendary
Activity: 2884
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
Noticed that Maidak already added it
Will agree that this looks like a hostile action from a bank
Sorry to hear that
legendary
Activity: 1890
Merit: 1058
Vave.com - Crypto Casino
You can add huntington bank to this as a bitcoin (un)friendly bank.

Oh noes!  Please do share what happened... if you'd rather it not be public, you can just PM me... or just PM me your phone number & I'll call you to discuss (without recording, hah).

Sorry to hear that.

I made a quick post on it with a brief summary on my accounts with them here https://bitcointalk.org/index.php?topic=639144.0;topicseen
legendary
Activity: 2114
Merit: 1031
You can add huntington bank to this as a bitcoin (un)friendly bank.

Oh noes!  Please do share what happened... if you'd rather it not be public, you can just PM me... or just PM me your phone number & I'll call you to discuss (without recording, hah).

Sorry to hear that.
legendary
Activity: 1890
Merit: 1058
Vave.com - Crypto Casino
You can add huntington bank to this as a bitcoin (un)friendly bank.
hero member
Activity: 707
Merit: 500
Does anyone know what the status of Uni-Credit is, with regard to blocking transactions?
I am in Austria by the way.

I have a figure in mind of around €100k - has anyone had experience with this kind of transaction and this bank?

I had been thinking about just telling them there was a large figure to be transferred into my account sometime in x no. of days and to expect it, also that I am not anticipating any problems. But I don't want to even do this if it raises issues/questions. I was only going to tel them it was from the sale of some assets. But, like i said, i'm reluctant to even do this much, in case, well, you know.. banks!
newbie
Activity: 45
Merit: 0
there is none for the Chinese ppl,they are so poor
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