CoinBase has reintroduced faster payments for UK residents, and, although I haven't withdrawn fiat, I have no reason to believe that they don't offer the same fast and efficient service that they offer for Bitcoin withdrawals. They do report fiat withdrawals to the UK inland revenue though.

I wouldn't withdraw fiat from an exchange via a bank. So far I've only withdrawn Bitcoin to my own wallet. I have funded my Coinbase account using faster payment from my bank, and I am mildly concerned that that is on record.

OP, if you like to read this kind of topic, you can download proper reports here:
https://www.imf.org/en/Publications/WEO
https://www.worldbank.org/en/publication/global-economic-prospects
http://www1.oecd.org/economy/outlook/

Also stop doing multiple posts since it's not allowed on this forum.

But muh Ripple tech is superior to Bitcoin and all altcoins. What you say is untrue sir. Ripple is Bitcoin 4.0. /s for the more limited and less educated ones.

Banks can do whatever they want. It's their services, and their terms that you sign up for. A few banks in the past have supposedly closed down accounts which have been trading in Bitcoin. However, I'd always advise to take this with a pinch of salt as the user may have infringed their terms, and policies another way.

Although,  I have to say these concerns just gives more of a reason to ditch the banks, and become your own manager of your money.

World economic situation can dump btc price, unfortunatly. Recession is not good in general

This person was curious what would happen if this happen, not if its possible or not

I am from middle-east Europe country member of EU but i am not risking to withdrawn money from exchanges to bank.There was cases that banks were suspending accounts.It is illegal but case at court can take long months
So i prefer to cash out to services what are crypto friendly and what have cards available
There is also exchange from my country registered on Malta.I can cash out and get my money from post office
Transfer is coming from service what is not crypto related and i pay just 1 % fee

The young generation can do nothing if they are pennyless. Pab said it perfectly:

People looking at massive adoption in Africa should really do some math first, it's not how many you are but how much $ you have in your pocket.
Just for a moment let's look at some numbers.
Europeans (400millions) spend on tourism more than the entire GDP of Nigeria (200 million).
Can you people even imagine the difference between the purchasing power?



You probably have no idea what a country adopting bitcoin means.
There is no country that has adopted bitcoin in the world, just because it has made bitcoin payments legal it doesn't mean adoption.
Has Spain adopted eBay? Has Portugal adopted KFC? Has Canada adopted PayPal?

Also...Ghana...the new financial capital of the world...s/


It will be as popular as their own currency the moment I see 30 million transactions in the chain a day originating from Venezuela.
Oh...wait!!!
Let's stop with all those bs about a country surviving because of bitcoin!
Seriously, this stupid propaganda has reached madness levels.

Why can't you people see bitcoin as a normal currency that is used by people who afford to buy things it in places where there are shops and businesses to do so? But no, you have to find the most usage in some forgotten 5th world country where there is only a hyena selling two gazelle horns for 100 satoshis.
Just as bad, whenever a country falls, thousand lose their job, kids go hungry....this is good for bitcoin. Soon moon!!!! Some of you are worse than those corrupt governments with your ideas.

Talks between the USA and China are definitely going to fail. The Chinese leadership is gambling that Trump won't get re-elected and that there will be another "softer" president in place by Jan 2021.

So the stand-off will continue and whether the US goes into recession depends on how resilient their economy is and whether they can shrug off slowdowns in the rest of the world.