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Question: Would you close your Bank account, when your Bank turn against Crypto?
Yes - 15 (36.6%)
No - 26 (63.4%)
Total Voters: 41

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Author Topic: Would you close your Bank account, when your Bank turn against Crypto?  (Read 592 times)
Meowth05
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November 20, 2019, 04:22:04 PM
 #101

We see a lot of these Banks that wants to sabotage Bitcoin and Crypto currencies by closing people's Bank accounts. When this happened in

countries like Australia, some people closed their Bank accounts in support of these people and they moved their business to other Banks that

supported Crypto currencies. They also took this to court and the court decided that this was anti-competitive behavior and they were forced to

stop that. So, the question is simple : Would you close your Bank accounts, when your Bank turn against Crypto?

Do we need new Banks that would go up against these large Banks to facilitate the conversion of Fiat to Crypto currencies? I think Banks doing this

will quickly change their policies, once millions of people start moving their accounts to Banks that supports Crypto currencies.

We do not need Banks, because P2P conversion is possible without Banks, but it just makes things so much easier for people dealing with exchanges.

What do you say? Please participate in the Poll.  Tongue
Probably no, perhaps I would consider this issue if Crypto is fully accepted in our constitution. However, more likely I would switch to other banks that would support the use of Crypto. Moreover, if Crypto is acceptable in a particular country Banks would automatically accept the use of crypto and never turn against it since this will be an issue for their clients.

jostorres
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November 20, 2019, 06:00:05 PM
 #102

If I should stop making use of my bank then where am I going to store my money, in Bitcoin? Know this - no bank will turn against crypto unless the government gives the order. And when the government gives the order it will apply to every bank in that country, none of them will accept or allow people to make use of cryptocurrencies.

I won't stop making use of bank for that, I will continue to make use of my bank and will withdraw the money I have in Bitcoin if the thing should get like really serious, just to avoid problems.

But, I do know for sure that even if the government and banks should turn against Bitcoin there is still going to be a way for me to buy and store Bitcoin and still have no problem with them and when the time comes to sell it, I will also do the same and still have no problem. They will only be able to know that you're buying and selling crypto if you're using centralized sources. I can just decide to use the Black market (local buyers and sellers) who will pay the money straight to my bank and it wouldn't seem suspicious.

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