What are the chances of a bank closing your account if you buy bitcoin? i have heard people say they closed down their bank account for buying bitcoin, but this might have been a few years ago. he only said they closed his account, there is no chance of them taking all the money in your account, correct?
If there are crypto related restrictions imposed in your particular region then surely banks can freeze your account for trading in bitcoin.So it depends in which country you are living.Mainly banks close or freeze account if they found huge money flows in your account and you do not have valid proofs to provide the source of income as you have to file income tax returns.If you have sold Bitcoin it comes under capital gains so banks require you to provide source of income for filing and if you failed to provide so then surely they can close your account.This is the main problem with centralized money authority that your funds are their custody and you need to provide them with documents whenever they require and can impose restrictions on spending your funds which is why you need to have decentralised currency like bitcoin for freedom.You can sell P2P Bitcoins and have money in hand rather than in your bank accounts to avoid any further inconvenience.