A Reddit member claims a European bank has blocked its crypto transactions

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Cryptocurrencies have been around for more than a decade. So you might think that the banks had already made a deal with Fiat Money’s main competitor.

Including Jamie Dimon, CEO of JPMorgan, the largest US bank. You haven’t spoken a crossword puzzle about assets Bitcoin

Crypto transactions blocked

Reddit member pm-os hit a wall with his bench and turned to the forum for help. According to the thread, this user tried to convert cryptocurrencies to Fiat, but he faced a rude awakening. The bank “apparently blocked all crypto trading” and did not allow pm-os to transfer “money” to its bank account.

The Reddit member pm-os He ran against a wall with his bench and turned to the forum for help. According to the thread, this user tried to convert his cryptocurrencies to Fiat, but had a hard awakening. The bank apparently “blocked all exchange with crypto” and did not allow pm-os to transfer “money” to its bank account.

Source: Reddit

It is no wonder that the Reddit community on r / Cryptocurrency has not disappointed with almost four dozen responses so far.

Small European country

We don’t know much about pm-os except that this Reddit member is from a “small European country” and likes cryptocurrencies. The general advice from the crypto community was that this person should get rid of their bank.

Source: Reddit

Apparently, threats to the bank don’t get this person anywhere, and this particular region makes it difficult for this user to “just switch banks”, so he can’t follow the advice from the top answers in the Reddit thread. Although pm-os has not disclosed what bank it is, it appears that it is not that easy for the user to move their possessions to another location.

Apparently there are two banks in this country that are against crypto. Both declare that pm-os is involved in litigation. “[prohibir] to their employees, including having cryptocurrencies, and say that “if they do, they will lose their jobs.” [World Atlas] JPMorgan’s Dimon has previously issued similar threats to employees. [Inc.]

bad banks

One idea that seemed to appeal to this person was to use an encrypted debit card, which pm-os replied to:

“Oh, I didn’t know they existed, thanks, I’m going to investigate.”

A Reddit member with the username Crypto_Grandma described his experience with the card OLS

“Great benefits with high-end options (for which you need to play your MCO token), but there’s also a free card that gives you 1% cashback on all expenses.”

Another Reddit member, Rounder057, felt sorry for pm-os and revealed that his lender had also blocked the purchase of cryptocurrencies.

A 2018 Financial Times article shows that British banks have reduced mortgage loans to customers with a history of cryptocurrency deposits. Switzerland is the clear exception where the Zurich-based company Vontobel has introduced cryptocurrencies and is behind products that enable investors to get involved in Bitcoin. Bitcoin cash

The Reddit user who posted the thread ended the thing on a high note, saying he could find a bank that was “positive” about cryptocurrencies. But they have to wait for things to calm down since COVID-19 before the bank talks to them.



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As a leading blockchain and fintech news company, BeInCrypto always strives to comply with strict editorial guidelines and the highest journalistic standards. With this in mind, we always encourage and encourage readers to do their own research into the information contained in this article. This article is intended as news and is for informational purposes only. The topic of the article and the information provided may have an impact on the value of a digital or cryptocurrency asset, but is never intended. Likewise, the content of the article and the information contained therein do not intend and do not intend to provide sufficient information for a financial or investment decision. This article is not expressly intended as financial advice, it is not financial advice and should not be construed as financial advice. The content and information in this article have not been prepared by a certified financial professional. All readers should always conduct their own due diligence with a certified financial professional before making an investment decision. The author of this article may have any amount of Bitcoin, cryptocurrencies, other digital currencies, or financial instruments at the time of writing, including but not limited to those contained in the content of this article.

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