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Author Topic: We should really worry  (Read 1634 times)
Neuerung (OP)
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February 26, 2014, 08:45:36 PM
Last edit: February 26, 2014, 08:56:25 PM by Neuerung
 #1

According to this post http://www.reddit.com/r/Bitcoin/comments/1yzbhg/bitstamps_bank_refused_to_open_me_a_bank_account
Unicredit in Slovenia (the bank Bitstamp uses) and Sillcon Valley Bank (the bank Coinbase uses) are both declining bank accounts to new bitcoin-related firms.

So for new companies in the bitcoin business it will be probably nearly impossible to get banking accounts, if even these banks which already have bitcoin related accounts (coinbase and bitstamp) refuse to open new accounts.

The probability (with the MtGox and the Silkroad scandals in mind) that these Banks are also shutting down the accounts of bitstamp and Coinbase is not low.

Then we would loose even more important exchanges, people with FIAT on these exchanges will not be able to withdraw any more.

People who are exchanging btc locally are also in danger to get imprisoned for money laundering already.

All this would be a very hard hit to bitcoin.

What do you think? I this a realistic scenario? Should we really worry?
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February 26, 2014, 08:47:22 PM
 #2

I don't see why I should worry?

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February 26, 2014, 08:51:45 PM
 #3

I don't see why I should worry?




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February 26, 2014, 08:52:27 PM
 #4

We should not worry, really.
FTFY.

"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"
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February 26, 2014, 08:52:54 PM
 #5

I don't see why I should worry?

https://forum.bitcoin.com/
New censorship-free forum by Roger Ver. Try it out.
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February 26, 2014, 08:53:27 PM
 #6

Good for them.  They'll be left behind in the new economy, and that's great.

About time they withered and died already.  

.SUGAR.
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Bitcoinpro
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February 26, 2014, 08:54:37 PM
 #7

yup the banks will have many job loses soon because banking has moved to the users own digital wallet

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February 26, 2014, 08:55:27 PM
 #8

I think they are just not liking the experience with Bitstamp....But if it just for transfeirng money to Bitstamp, open a non business account......
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February 26, 2014, 08:57:55 PM
 #9

Why should we worry again?  

I use Coinbase quite a bit, and there have been zero hiccups pretty much.  It's linked to my bank and I can buy and sell fairly easily.  Only thing I wait for is ACH transactions for larger orders.

Don't get this post.

CharityAuction
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February 26, 2014, 09:01:32 PM
 #10

No need to worry; this is the same old story on a different day.

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February 26, 2014, 09:08:30 PM
 #11

Didn't we have this South African bank that is testing bitcoin?  This is the new deal, time for Africa to rule!
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February 26, 2014, 09:10:01 PM
 #12

With all the capitalization behind crypto, I am wondering when the first bank will FOUNDED by an exchange. It takes a 6-7 digit figure to do that, grab a bank license et cetera, and even a small bank can do lots of SEPA and SWIFT transfers.

Just pick the SEPA zone country that has the most convenient laws and do it!

IMHO that is the way to go, and also a good way to enlarge the value creation chain !!!!!!

Truth is the new hatespeech.
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February 26, 2014, 09:10:58 PM
 #13

Banks are dicks.

That is a well known fact.

Why would I worry about a well known fact?

Silly.


Our family was terrorized by Homeland Security.  Read all about it here:  http://www.jmwagner.com/ and http://www.burtw.com/  Any donations to help us recover from the $300,000 in legal fees and forced donations to the Federal Asset Forfeiture slush fund are greatly appreciated!
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February 26, 2014, 09:11:04 PM
 #14

Didn't we have this South African bank that is testing bitcoin?  This is the new deal, time for Africa to rule!
They've said (in an update), that it won't be open to consumers.

"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"
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Neuerung (OP)
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February 26, 2014, 09:11:43 PM
 #15

Didn't we have this South African bank that is testing bitcoin?  This is the new deal, time for Africa to rule!
This bank already burried their plans concerning bitcoins unfortunately (sorry I can't find the link anymore).
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February 26, 2014, 09:14:18 PM
 #16

Any bank that hasn't picked up on bitcoin by now is a dinosaur unable to innovate. I expect my bank to be at least as smart as me when it comes to money and markets.
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February 26, 2014, 09:14:56 PM
 #17

I'm scared the banks will deny me and I won't be able to use Bitcoin any more. Sad
Sarcastic mode on!

nicely done!

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February 26, 2014, 09:15:22 PM
 #18

People who are exchanging btc locally are also in danger to get imprisoned for money laundering already.
After fixing your FUD - this also turns out to be a well known fact.

Our family was terrorized by Homeland Security.  Read all about it here:  http://www.jmwagner.com/ and http://www.burtw.com/  Any donations to help us recover from the $300,000 in legal fees and forced donations to the Federal Asset Forfeiture slush fund are greatly appreciated!
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February 26, 2014, 09:16:42 PM
 #19

People who are exchanging btc locally are also in danger to get imprisoned for money laundering already.
After fixing your FUD - this also turns out to be a well known fact.


Well I can sleep with no worry on my head!

I have no money! The only thing I can launder is my underwear! 

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February 26, 2014, 09:23:24 PM
 #20

I think bitstamp and coinbase will fix that .
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