Bitcoin neighborhood members are taking to Twitter to say that over the previous week banks have been freezing their accounts once they buy BTC
Now, that the COVID-19 pandemic continues to be on the free, even Wall Road hedge funds imagine Bitcoin to be a protected haven asset, together with gold. The ‘Wealthy Dad, Poor Dad’ writer Robert Kiyosaki has additionally turned out to be a rigorous BTC supporter, placing it proper subsequent to gold and silver.
Nonetheless, banks nonetheless appear to be contemplating Bitcoin as their enemy and are freezing the accounts of clients who’re shopping for BTC. Retail BTC traders have been discussing the state of affairs on Twitter.
‘My checking account was frozen at present’
Twitter person @HealThyself15 has published a post the place he states that he bought his checking account frozen after he started buying Bitcoin a couple of week in the past. Nonetheless, a half-hour telephone name to the financial institution solved that drawback.
“My checking account was frozen at present as a result of I have been shopping for #bitcoin all week. So I needed to name my financial institution and wait on maintain for 30 minutes to speak to somebody to unfreeze it. Which was a superb reminder of why I used to be shopping for Bitcoin within the first place.”
Canadian banks block Coinbase BTC purchases
One other Twitter person supported @HealThyself15 within the remark thread, sharing an analogous expertise from Canada. He talked about, notably, that banks are blocking purchases on the Coinbase trade.
“In Canada banks block coinbase purchases and it’s important to name to unblock. I needed to name 3-Four totally different instances after which I satisfied another to purchase and so they had the identical problem. #fuckbanks”
Consumer @TomasPhilosophy shared his experience when sending cash to Coinbase:
“My financial institution calls me each time i switch cash to Coinbase. Simply talked with them truly. “The place did you get this account data from? A good friend?” “Do you’ve an account there or?”
A substantial quantity of different customers shared related experiences in that comment thread.
BoA blocking prime execs’ accounts over Bitcoin
Beforehand, U.Today reported {that a} former prime government of PayPal, Roelof Botha, had his account closed by Financial institution of America after being a buyer for twenty years.
The neighborhood assumed that Botha had been buying Bitcoin. Curiously, aside from being a former PayPal prime government, Botha can also be a serious enterprise investor in Silicon Valley.
Tron CEO Justin Solar later tweeted that the identical financial institution had frozen his account as properly.
