Always Remember Banks that Refuse to Service Bitcoin Customers. The Same Banks Get C

[Dato]

Always Remember Banks that Refuse to Service Bitcoin Customers. The Same Banks Get C

<!-- SC_OFF --><div class="md"><p>Some Banks Refused to service Bitcoin customers because of &quot;Compliance Risks&quot; while they were laundering money.</p> <p><strong>Dutch Rabobank as a great example</strong></p> <p><a href="https://www.justice.gov/opa/pr/rabobank-na-pleads-guilty-agrees-pay-over-360-million">https://www.justice.gov/opa/pr/rabobank-na-pleads-guilty-agrees-pay-over-360-million</a></p> <p><a href="https://money.cnn.com/2018/02/08/news/rabobank-mexico-drug-money-laundering/">https://money.cnn.com/2018/02/08/news/rabobank-mexico-drug-money-laundering/</a></p> <h3>HSBC Bank</h3> <p>This one is the biggest joke.</p> <p>Not only have they been Super Vocal about their mistrust in crypto because of possible &quot;unregulated illicit activities&quot;, They've been caught up in so many money laundering schemes that they make illegality of bitconnect look no worse than a parking ticket. </p> <p>They took it a step further. During the bullrun this last January, they banned it completely. No credit/debit/exchange purchases for crypto. None, zip, zero. </p> <p><a href="https://www.bbc.com/news/uk-54225572">https://www.bbc.com/news/uk-54225572</a></p> <p>They let a fraudster running ponzi scheme continue with transactions even after they learned about the scam..lmao</p> <p>Also here... More Cartel money being laundered.</p> <p><a href="https://www.marketwatch.com/story/netflix-documentary-re-examines-hsbcs-881-million-money-laundering-scandal-2018-02-21">https://www.marketwatch.com/story/netflix-documentary-re-examines-hsbcs-881-million-money-laundering-scandal-2018-02-21</a></p> <h3>Captial one</h3> <p>They also were very vocal about crypto being used for money laundering and other activities. ?. They let some wire transactions on some exchanges but outright banned credit/debit purchases </p> <p><a href="https://www.wsj.com/articles/capital-one-settles-with-fincen-over-anti-money-laundering-deficiencies-11610750699">https://www.wsj.com/articles/capital-one-settles-with-fincen-over-anti-money-laundering-deficiencies-11610750699</a></p> <p><a href="https://www.americanbanker.com/news/capital-one-fined-290m-for-willful-anti-money-laundering-failures">https://www.americanbanker.com/news/capital-one-fined-290m-for-willful-anti-money-laundering-failures</a></p> <p>Isn't that funny? It seems that every powerful entity that says &quot;crypto bad&quot; is out there doing something illegal themselves.</p> <p>This can't be coincidence.. it's about control. Why let the world FOMO into decentralized when they don't have control over it? Surely this hurts them somehow..</p> <p>It's getting worse too. HSBC won't let you buy stock in a company if they hold Bitcoin. Lmao.</p> <p><a href="https://news.bitcoin.com/hsbc-crypto-policy-bars-clients-buying-stock-companies-hold-bitcoin/">https://news.bitcoin.com/hsbc-crypto-policy-bars-clients-buying-stock-companies-hold-bitcoin/</a></p> <p>So much for buying Tesla. </p> <p>Just a bunch of dirtbags. They just want control over the flow of currency. </p> <p>Sadly they Don't teach kids to not blindly trust because the name brand is big. Wouldn't want them to grow up, and look out for that. That could hurt business.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/JuicySpark"> /u/JuicySpark </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/nuslsb/always_remember_banks_that_refuse_to_service/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/nuslsb/always_remember_banks_that_refuse_to_service/">[comments]</a></span>Kind Regards R