BANKS ARE SHUTTING DOWN CRYPTO ACCOUNTS. WILL YOU BE AFFECTED?

If Banks are shutting down crypto accounts what occurs subsequent? Will Bitcoin be at struggle with the monetary establishments?

0:00 – Market Recap | Subjects Overview
3:35 – Banks are SHUTTING DOWN Crypto Holder Accounts!
8:30 – Insurance coverage Firms WANT BITCOIN ASAP!

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48 COMMENTS

  1. I am a retired Banker. I dont think is is a case that they dont like Bitcoin. But they certainly have issues with Money Services Business ( pawn shops ,check cashing etc ), which crypto businesses are in the gray area. Banks are getting crushed with larger fines for not following Know your Customer ( KYC) regulations, especially when it comes to ACH transactions. The bank I worked for had two fines in excess of 250M each. Therefore, it is up to their Compliance areas to make the call in order to eliminate the fines. People that hate on banks, really dont understand that allot of the issues are actually caused by federal regulations.

  2. been saying to lloyds bank uk for last 3 years about crypto.They hadn’t a clue what i was talking about ( might as well be speaking mandarin ) untill jan this year. I thought the banks and staff would be up to speed on finance across the board. 🤔

  3. You are misinformed sir. about HSBC. they are only stopping people investing in companies linked to Bitcoin. if you dug a little deeper you will find the answer. HSBC is a major partner with a certain blockchain that has ODL. So much FUD out there too many players trying to control the narrative for their failing no utility slow high fees and environment destroying crypto.

  4. Why have a bank account? Get out now ! I only hold the next month’s bills coming due in a bank account.

  5. Banks don’t like it cause Cryptocurrency is decentralized and it can’t be controlled by human beings within the banking system.
    Also the banks system have been putting human being down for certain reasons to specific demographics if and when they chose to do so but they can’t do it to cryptocurrency because people can raise capital faster without the crap that you gotta deal with from walking into a bank location. Change is inevitable.

  6. It seems likely that institutional demand, and shrinking available supply, will prevent a large correction like we have seen before.

  7. Just my opinion is that HSBC must not want to get audited or worried about that the Feds will see their other practices because of shady business there doing themselves already.

  8. I came hereto hear what he had to say about banks but I just couldn’t get my eyes off that article about “Wife Leaves Husband After He Refused to Sell Bitcoin at $60K and Bought the Dip” @ 0:28 ……

  9. Unfortunately any major bank worldwide can outlaw all crypto transactions at their slightest whim. Scary

  10. HSBC is one of the banks nebst deutsche bank and was it jpm who got exposed last year during pandemic to have been laundering!!!! Lmfao. Bye bye banks I can’t wait to close all bank accounts!

  11. Dont ever bank @ The Cartel Bank! Trust me, i wrked for them here in NYC for 4 years, the worst experience of my life, worst business model, and even worst products

  12. I invested in stock and crypto, but actually Bitcoin is supplying me with 100%of my income, thanks to my Bitcoin trading platform.

  13. I lost my job due to covid and a friend of mine recommended sir AUSTINI and ever since trading with his platform I have been benefiting a lot

  14. Nationwide in the UK stopped allowing me to buy crypto assets at crypto exchanges with my debit card, since the start of February..

  15. I don’t know who needs to this, you’ve got to stop saving money to buy luxurious and exotic cars, invest your money wisely to get richer, buy cryptocurrencies, stocks and so many others if you really want financial success

  16. Speak with your wallet, no reason to hold money in a bank that won’t let you use your money on legal purchases.

  17. Please can I invest in Bitcoin on my own, I have been practicing on my demo trading account, I don’t want to make any mistake whatsoever

  18. Banks already own most bitcoin- so all they need to do is own most of it and Freeze its movement

    Game over Bitcoin Dead

  19. Wow banks will do everything they can to make life miserable for those who are trying to ditch them aren’t they ? I wonder if Chase will stop me when I try buying some crypto soon .

  20. I recommended a professional broker to you guys sometime ago,can i get person who invested with her
    Comment below

  21. I love how people say “The banks just don’t get it… crypto is the future, it’s here to stay”. There’s something much bigger than crypto going on here. They temp us with money but it’s a distraction. We should be fighting for out freedom. China will own us. watch this 3 min youtube video “The shape of the next world-wide conflict is taking place in front of your eyes'”

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