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Title: Capital control in action, does cyprus ring a bell Post by: manfred on October 17, 2013, 09:52:55 AM Title: Re: Capital control in action, does cyprus ring a bell Post by: LiteCoinGuy on October 17, 2013, 10:42:02 AM yea, heard of that too. but if this is only one bank writing that, capital controls are not possible.
dont think that will happen. Title: Re: Capital control in action, does cyprus ring a bell Post by: scatha on October 17, 2013, 10:50:45 AM "Only one", but perhaps the world's most influential one. *sigh*
Title: Re: Capital control in action, does cyprus ring a bell Post by: btceic on October 17, 2013, 10:56:38 AM "Only one", but perhaps the world's most influential one. *sigh* It only ever starts with just one.... Title: Re: Capital control in action, does cyprus ring a bell Post by: LiteCoinGuy on October 17, 2013, 11:10:30 AM i not say that this will never happen... :-[
Title: Re: Capital control in action, does cyprus ring a bell Post by: bg002h on October 17, 2013, 11:12:30 AM Surely this is commonplace, no? I mean, if they get burned with a reversed transaction at some point, they scale back business until risk/benefit ratio changes...is there really no precedent for this with other institutions?
Title: Re: Capital control in action, does cyprus ring a bell Post by: murraypaul on October 17, 2013, 11:15:52 AM They are just trying to upsell to the more expensive business accounts, which do allow for international wires.
Title: Re: Capital control in action, does cyprus ring a bell Post by: Aswan on October 17, 2013, 11:25:26 AM Yesterday I got a letter from my bank (German bank) telling me they would reduce the amount I can send from 25000€ to 5000€. My gf who is at another bank got her limit reduced to 2000€ 2-3 weeks ago. They say one can manually increase it by calling them but this increase is only a temporary thing then.... idk what to think about it =/
Title: Re: Capital control in action, does cyprus ring a bell Post by: ShadowOfHarbringer on October 17, 2013, 12:17:21 PM Yesterday I got a letter from my bank (German bank) telling me they would reduce the amount I can send from 25000€ to 5000€. My gf who is at another bank for her limit reduced to 2000€ 2-3 weeks ago. They they one can manually increase it by calling them but this increase is only a temporary thing then.... idk what to think about it =/ This may be some serious shit.I am pushing this to another forum. Quote from: https://www.chase.com/ © 2013 JPMorgan Chase & Co. Hm, the name rings a bell BTW.If they are making moves like this, something may be in the air. Title: Re: Capital control in action, does cyprus ring a bell Post by: Aswan on October 17, 2013, 12:33:42 PM Yeah I don't know it's not just the 2 of us (me and my gf). I just asked some people and they got letters regarding the limit reduction as well within the last few weeks =/
Title: Re: Capital control in action, does cyprus ring a bell Post by: Maciek on October 17, 2013, 12:42:24 PM "Cyprus"?
Again? Title: Re: Capital control in action, does cyprus ring a bell Post by: LiteCoinGuy on October 17, 2013, 01:08:54 PM Title: Re: Capital control in action, does cyprus ring a bell Post by: klaus on October 17, 2013, 01:38:12 PM "Cyprus"? Again? in Slovenia http://www.telegraph.co.uk/news/worldnews/europe/slovenia/10309237/Slovenia-The-next-crisis-for-the-EU.html Title: Re: Capital control in action, does cyprus ring a bell Post by: FeedbackLoop on October 17, 2013, 01:45:11 PM Relax. When all the new ever accelerating debt of the governments throughout the world hits the inflation machine at banks, the old limits will come back as they will be worth as much as the new limits. Bank run prevented! :P Title: Re: Capital control in action, does cyprus ring a bell Post by: justusranvier on October 17, 2013, 08:22:02 PM The pattern appears to be that large national banks (HSBC and Chase so far) are limiting access to international wires, and small banks and credit unions are eliminating them entirely:
https://online.1stnb.com/LoginAdv.aspx https://www.uhcu.org/Site-Alerts/Member-Notification Title: Re: Capital control in action, does cyprus ring a bell Post by: knight22 on October 17, 2013, 08:43:42 PM Now soon in theaters! CYPRUS 2
Title: Re: Capital control in action, does cyprus ring a bell Post by: MAbtc on October 17, 2013, 08:53:58 PM I wonder.... being a US citizen, and having my income and assets tied to USD.... and also being heavily invested in bitcoin.... this makes for a very interesting internal dynamic for me.
Title: Re: Capital control in action, does cyprus ring a bell Post by: trilightzone.org on October 17, 2013, 11:56:12 PM Yesterday I got a letter from my bank (German bank) telling me they would reduce the amount I can send from 25000€ to 5000€. My gf who is at another bank got her limit reduced to 2000€ 2-3 weeks ago. They say one can manually increase it by calling them but this increase is only a temporary thing then.... idk what to think about it =/ This is going on for a few years already when it started with limiting cash transactions in several countries. Not surprised if banks are busy also lowering limits for accountholders in most of the developed world. This might have to do with new rules to increase their buffers but also to prepare for a SHTF scenario. Although in that case the 0's and 1's won't matter much anymore ... |
