Once the banks get rid of https://www.coinjar.com/ and make legitimate buying of bitcoin impossible then we can worry.
That is what is happening. All exchanges need a bank to make OTC or IB transfers.
Topic: National Australia Bank also giving cold shoulder (Read 880 times)
Yes its official. I was pitching Bitcoins to the new CIO at one of the "middle" size banks in oz. Might chase her up on it.
Until NAB suspends https://www.coinjar.com/ operations I am not really going to sweat this news much.
The banks are clamping down on users transferring "tens of thousands" to "hundreds of thousands" of AUD into bitcoin and back out again. They have no idea what these people are doing and it could be anything.
Legitimate business that deal with Bitcoin are still being tolerated by NAB. I have moved AUD into bitcoin after this clampdown and had no hassle.
Once the banks get rid of https://www.coinjar.com/ and make legitimate buying of bitcoin impossible then we can worry.
The banks are clamping down on users transferring "tens of thousands" to "hundreds of thousands" of AUD into bitcoin and back out again. They have no idea what these people are doing and it could be anything.
Legitimate business that deal with Bitcoin are still being tolerated by NAB. I have moved AUD into bitcoin after this clampdown and had no hassle.
Once the banks get rid of https://www.coinjar.com/ and make legitimate buying of bitcoin impossible then we can worry.
It has to happen , Banks get threatened by the core idea of losing control over people's money.
Bankers globally probably feel threatened by the existence of cryptocurrencies. Their decision to disallow bitcoin only means that they believe bitcoin is strong enough to potentially jeopardize their own business.
guys please realise, stop dealing with national/central banks. try commercial banks.
many people have had success over the last few years with commercial banks. american businesses are learning this. and th western media is twisting and overhyping the fact that china is learning this.
there is no new news that has not been around for years where it concerns banks. so don't panic over it. the exchange will simply use a different bank or go offshore.
do not try making australia into a hype. the china hype is more then enough
many people have had success over the last few years with commercial banks. american businesses are learning this. and th western media is twisting and overhyping the fact that china is learning this.
there is no new news that has not been around for years where it concerns banks. so don't panic over it. the exchange will simply use a different bank or go offshore.
do not try making australia into a hype. the china hype is more then enough
All banks in Australia are commercial they just have names that make them look they belong to the people (commonwealth, National, etc) and they run a powerful cartel pretty much own the economy and stock market.
So bitcoin is not funny magic internet money anymore for those big banks. It is a threat. They are afraid of bitcoin. Sad for the people getting into bitcoin for a quick cash out. Great news for the people seeing the bigger picture...
I don't get it. Bitcoin is doing EXACTLY what it was created to do. Replacing the banking system years from now. What to expect when they run the code themselves realized how beautiful it was.
Normal banking reaction.
Is it really official?
legendary
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Reverse engineer from time to time
Lets see if Market reacts to this news or not.
guys please realise, stop dealing with national/central banks. try commercial banks.
many people have had success over the last few years with commercial banks. american businesses are learning this. and th western media is twisting and overhyping the fact that china is learning this.
there is no new news that has not been around for years where it concerns banks. so don't panic over it. the exchange will simply use a different bank or go offshore.
do not try making australia into a hype. the china hype is more then enough
many people have had success over the last few years with commercial banks. american businesses are learning this. and th western media is twisting and overhyping the fact that china is learning this.
there is no new news that has not been around for years where it concerns banks. so don't panic over it. the exchange will simply use a different bank or go offshore.
do not try making australia into a hype. the china hype is more then enough
NAB will be shutting down business accounts that deal with Bitcoin as of 2nd May 2014.
Crikey mate
http://www.theguardian.com/world/2014/apr/10/bitcoin-dumped-by-national-australia-bank-as-too-risky
Crikey mate
http://www.theguardian.com/world/2014/apr/10/bitcoin-dumped-by-national-australia-bank-as-too-risky
Yeah these guys were cool with the Bitcoin protocol/Innovations until recently. I used to live in Perth, Australia for work - Another big bank in AUS is Commonwealth Bank, they also own Bankwest; stopped processing my Bitstamp & BTC-e fiat deposits in October 2013.
NAB will be shutting down business accounts that deal with Bitcoin as of 2nd May 2014.
Crikey mate
http://www.theguardian.com/world/2014/apr/10/bitcoin-dumped-by-national-australia-bank-as-too-risky
Crikey mate
http://www.theguardian.com/world/2014/apr/10/bitcoin-dumped-by-national-australia-bank-as-too-risky
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