Quote from: mindrust on July 30, 2017, 01:59:34 PM

Quote from: freshman777 on July 30, 2017, 09:41:45 AM

More of this shit is coming to a bank near you.

European Union states are considering measures which would allow them to temporarily stop people withdrawing money from their accounts to prevent bank runs, an EU document reviewed by Reuters revealed.

The move is aimed at helping rescue lenders that are deemed failing or likely to fail, but critics say it could hit confidence and might even hasten withdrawals at the first rumors of a bank being in trouble.

The proposal, which has been in the works since the beginning of this year, comes less than two months after a run on deposits at Banco Popular contributed to the collapse of the Spanish lender.

http://www.zerohedge.com/news/2017-07-29/its-your-money-you-can%E2%80%99t-have-it-eu-proposes-account-freezes-halt-bank-runs

Got crypto?

The article on ZH basically says that EU banks are insolvent and they are too afraid to be in a situation where everybody wants to withdraw their cash, means they don't have that many cash to support those withdrawal claims. That's too obvious.

If you keep your money in banks you are in danger. That's not limited with EU, that includes even USA or any other country exists.

Bitcoin is a lot safer than the banks to me, because I actually control my money unlike my bank account. Not safer than physical cash though. (I said safer, not more profitable)

This is the reason why bitcoins are going to replace banks in the coming years. Banks are not reliable anymore. They do easily get hacked leaving customers bankrupt. Bitcoins are indeed far better, safer and profitable than banks. Banks are soon going to wipe out from the face of earth. Bitcoin wallets set you free from all extra charges and lend you complete authority over your money.