Banks blocking accounts related with crypto

[Ayiranorea]

This is quite a shocking news, because in a recent news article one of the bank from Austria started to do every operation with bitcoin. Now a bank from Australia banning the account involved with bitcoin is simply a bad news. Maybe the ban will be taken back when Australian banks feel good of using bitcoin looking upon the growth happening with banks of Austria on accepting bitcoin.

[MoonJeina]

With so many banks out there, it would be easy if you could mention the name of the bank or country where you are facing this problem. Despite that global news suggest that four major Australian banks have ignited this fire among its customers. Further users are unable to transfer money from exchanges like Coinbase, Coinspot, BTC Markets and so one, where on one side Australia was on the steps to regulate cryptocurrency and no on the other hand there banks are declaring it illegal have created confusions and imbalance in the system. A clear notice regarding such issues from banks and government can only lighten the tensions created  by the banks.

[weborsha]

it sounds like reasonable measures that banks try to take to prevent theirselves from bankrupcy. Banks cannot offer such a high income, if compare bank and crypto deposits.

[Ging]

indeed that is a reallity but ii think there a banks all arround the world that deals and accept bitcoin and other altcoin i dont have names know but such banks really exist.

[XCANA]

To me, it looks like banks are trying to fight back at crypto currency because they loosing customers in recent time. So many people have invested their money in Bitcoin and other crypto currency which i believe is more beneficial to the owners as compared to insignificant interest that bank usually pay investors at the end of the months.

[syberwolfen]

To me, it looks like banks are trying to fight back at crypto currency because they loosing customers in recent time. So many people have invested their money in Bitcoin and other crypto currency which i believe is more beneficial to the owners as compared to insignificant interest that bank usually pay investors at the end of the months.

Yes when banks failed completely to stop the growth of bitcoin with all sort of negative light which it was shedding over bitcoin like bitcoin is used for terrorist funding as if there were no attacks before the invention of bitcoin and now bankers have started this new trick to prevent people from investing into bitcoin but it will ultimately fail.

[plenumetnormous]

Am I the only one who heard that banks started blocking accounts of people that generated money via crypto trading or crypto investments?
The war Crypto vs Banks has begun?

Sooner or later banks won't avoid or segregate crypto or their users. These events have happened mainly in the economies without thrive projections. Innovation is the recipe for the financial markets which are ahead in the world. This blocking strategy, in my opinion, is just a form to gain time and handicap for controlling, of a convenient way, the virtual crypto market. We hope that the future rules conduct banks to be in the mood with cryptos as it is with its users nowadays.