Someone on Reddit today posted this screenshot from their bank account...
I get that it's "their system their rules", but last I checked, buying & selling cryptocurrencies was not illegal in the U.S. (Santander is a U.S. bank) and placing restrictions on what we can do with our own money seems a bit outrageous.
I suppose the big lesson is "not your keys not your crypto" and the same goes for fiat currency... we should keep in the banking system only the amount of cash that we are willing to lose or is absolutely necessary to conduct our lives. And everything above that amount we should somewhere else (ie. in Bitcoin or gulp cash)???
But I'm wondering how many others have had their bank cut off crypto-related withdrawals or transfers?
What should one do if this happens to them?
And what do you do to avoid being a victim of the banks?