Banks starting to cut off Crypto purchases

[Anonymous No.53923757]

It's over

https://www.kitco.com/news/2023-03-03/HSBC-and-Nationwide-are-the-latest-banks-to-limit-customers-crypto-purchases.html

[Anonymous No.53923768]

Bank of America froze my account until I called them over a 5k coinbase purchase

[Anonymous No.53923800]

>>53923757
>with credit card

[Anonymous No.53923867]

I remember when PayPal cut off crypto back in the day. Guess what happened soon after?

[Anonymous No.53924069]

>>53923757
cryptos moon when cut from the banking system, like it did in 2017 with bitfinex/tether

[Anonymous No.53924128]

>>53923757
I will never sell. Even if crypto is completely cut off from the financial system I will die on that hill.

[Anonymous No.53924166]

>>53923757
>Customers of HSBC were barred from making crypto purchases with their credit cards last month. “This is because of the possible risk to customers,”

They're just looking out for you :)

[Anonymous No.53924169]

>>53923757
It only apply for the retards that buy crypto with a debit or credit cards. Wires are still possible.

[Anonymous No.53924182]

>>53924166
If they're looking out for me why did they close my account when I cashed out 50k?

[Anonymous No.53924605]

>>53923757
its no mystery. the bank doesnt want the hassle of a customer who buys crypto since its used for criminal purposes.

[Anonymous No.53924667]

I hustled my ass off for a 200 ETH bag. I am not gonna LET THIS HAPPEN REEEEE

[Anonymous No.53924756]

>>53923757
learn to read

[Anonymous No.53924870]

>>53924128
BUT DUDE HOW CAN U SELL IF U CANT WITHDRAW YOUR DOLLARS

[Anonymous No.53924886]

>>53924870
>BUT DUDE HOW CAN U SELL IF U CANT WITHDRAW YOUR DOLLARS

they will freeze your account for sure if you try and dump $100,000 from some exchange into it.

you MIGHT get the money back but they will close your account either way.

[Anonymous No.53924972]

>>53923757
Banker anon proven right it seems.

[Anonymous No.53924977]

>>53923757
Coinbase literally close my account and couldn’t even give me a reason and binance tells me my verification failed wtf is going on niggaaa

[Anonymous No.53924998]

>>53924977
>binance tells me my verification failed wtf is going on niggaaa
They did the same with me. I even provided them with dozen of documents that justify everything but I shouldn't have done that because obviously their mind was already set. I bet they didn't even look at the documents.

[Anonymous No.53925008]

>>53924977
>He thinks he can cash out
OH NO NO NO

[Anonymous No.53925015]

>>53923757
knew it would be britain before even looking at the link

[Anonymous No.53925023]

>>53924972
Found it, enjoy.
>>/biz/thread/S51093132#p51093132

[Anonymous No.53925088]

This already happened in 2017, it's not a new development. I just got my credit cards into crypto before the lock.

You can still make cash transfers to exchanges from most (all?) banks.

[Anonymous No.53925390]

>>53923867
>back in the day.
>Less than 5 years ago

[Anonymous No.53925536]

>>53923768
Oh no you really had to make a phone call?

[Anonymous No.53926846]

>>53923757
Crypto is gaining more independence so it is not the end it is the beginning. With AllianceBlock NexeraID TradFi and Defi will interact more so there is no end to crypto.

[Anonymous No.53927054]

i wonder why banks wouldn't want retarded retailers to get in debt with credit cards and lose it all on dog scam 69 then call up the banks and demand their monies back

[Anonymous No.53927159]

>>53925390
>Less than 5 years ago
>2018-2017
Newfag confirmed

[Anonymous No.53927251]

>keep crypto gains
>instead of cashing out you buy tons of shit with it like cars and machinery
>sell

[Anonymous No.53927255]

>>53924977
Kek, they have been doing this to people drip feed style for a while now. Don't expect to ever get your crypto/money back my dude.

Shoulda got out when you had the chance.